Buy Gold Aug 2023 @ 58650 SL 58450 TGT 58950-59150. MCX - Kedia Advisory
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Gold
Observation
Gold trading range for the day is 58230-59680
Gold dropped after US housing starts unexpectedly jumped 21.7% MoM
Single-family housing starts, jumped 18.5% to 997K, the highest reading since June last year
The Federal Reserve kept the fed funds rate steady as expected, but signalled further hikes would be necessary.
Russian gold reserves at 74.9 mln oz as of June 1
BUY GOLD Aug 2023 @ 58650 SL 58450 TGT 58950-59150. MCX
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