Trump tells aides he’s willing to end war without reopening Hormuz: WSJ
It’s news driven volatility phase as of now
COMEX Gold made a High of 4618$ in morning after WSJ statement by Trump… where 4627$ is a selling point .. which indicates sell Gold @ 4620$ with back up sell 4640$ exit only @ 4651$, because above 4651$ Buy Zone activate for target 4760$. Apply the same scenario in MCX Gold … one more unexpected move by USDINR which changes all levels parameter that’s why take an alignment with COMEX Price n place an order in MCX.
Fundamentals for the Day
Gold (USDINR 94.30) AT THE TIME OF WRITING REPORT – 1USDINR move = 500 Rs MCX Gold
Range: 150400 – 143000
Our Preference: Sell Gold @ 150400 for target
