Buy Gold Aug 2023 @ 58250 SL 58050 TGT 58550-58700. MCX- Kedia Advisory
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Gold
Observation
Gold trading range for the day is 58130-58950
Gold gains with investors focusing on the health of the global economy
Data showed that US manufacturing contracted further in June to the lowest reading in nearly three years.
Traders are currently assigning a nearly 86% chance the Fed will raise the fed funds rate by 25bps this month
Later in the week, the payrolls report will provide further evidence on the labour market performance.
BUY GOLD Aug 2023 @ 58250 SL 58050 TGT 58550-58700. MCX
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