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22-04-2024 09:37 AM | Source: Kedia Advisory
Sell Gold Jun @ 72900 SL 73100 TGT 72600-72400. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 72045-73335.
Gold gains fueled by a confluence of geopolitical tensions and economic uncertainties.
Early on Friday, Israel launched missiles on Iran, prompting investors to flee to safety.
Hot economic data from the US, and hawkish remarks from several Fed officials exerted downward pressure.
Physical gold demand in China firmed as a depreciating yuan and growing tension in the Middle East spurred safe-haven buying
SELL GOLD JUN @ 72900 SL 73100 TGT 72600-72400. MCX
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