Gold gained sharply amid improved risk
appetite.
Read Till End
The market sentiment improved due to easing
tension in the Middle East. Markets eye
ceasefire talk progress between Israel and
Gaza.

According to the CME Fed watch tool, the
probability of a no-rate cut in June increased
to 91.3% from 90.3% a week ago
Economic data for the day
US dollar index- Bearish. Minor support around
104.50/103.75. The near-term resistance is
106.50/107.40.

Technical:
The near-term support is around $2300, a
break below the targets of $2290/$2280 The
yellow metal faces minor resistance around
$2320 and a breach above will take it to the

next level of $2350.
signal
Buy $2310/$2300 with SL around $2280 for TP of
$2450.
Sell $2350 with SL around $2280 for TP of $2260