2025-05-09 10:23:52 am | Source: Kedia Advisory
Sell Gold Jun @ 96500 SL 96800 TGT 96000-95700. MCX - Kedia Advisory
Gold
SELL GOLD JUN @ 96500 SL 96800 TGT 96000-95700. MCX
Observations
Gold trading range for the day is 94345-98235.
Gold dropped as optimism over a potential US-UK trade deal boosted investor sentiment.
Fed held its benchmark rate steady as expected and warned of rising risks of both inflation and unemployment.
Fed Chair Jerome Powell also stated that the central bank is not considering a preemptive rate cut.
Initial jobless claims in the United States fell by 13,000 to 228,000 on the week ending May 3rd.
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