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21-05-2024 11:38 AM | Source: Kedia Advisory
Sell GOLD JUN @ 74500 SL 74750 TGT 74200-74000. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 73305-74975.
Gold rose buoyed by increased expectations of Federal Reserve interest rate cuts.
Furthermore, the upward trend was supported by strong central bank buying
India's April gold imports more than doubled to $3.11 billion, compared with $1.53 billion in March.
An uptick in gold prices deterred physical purchases in top consumers, prompting dealers to offer lower premiums
SELL GOLD JUN @ 74500 SL 74750 TGT 74200-74000. MCX
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