2025-05-20 10:14:27 am | Source: Kedia Advisory
Sell Gold JUN @ 93600 SL 94000 TGT 93200-92800. MCX - Kedia Advisory
GOLD
SELL GOLD JUN @ 93600 SL 94000 TGT 93200-92800. MCX
Observations
Gold trading range for the day is 92145-94605.
Gold rose as investors sought safe-haven assets amid US economic and fiscal concerns.
Moody’s downgraded the US credit rating due to high deficits and rising interest costs.
US-China 90-day tariff truce eased global recession fears and boosted market confidence.
Markets expect the U.S. central bank to implement two rate cuts, beginning in September.
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