Buy Gold Aug 2023 @ 59400 SL 59100 TGT 59750-59900. MCX - Kedia Advisory
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Gold
Observation
Gold trading range for the day is 59270-60100
Gold dropped as annual inflation rate in the US likely fell to 4.1% in May 2023
On a monthly basis, the CPI is projected to increase by 0.2%, easing from a 0.4% rise in April.
Reduced appetite from central banks to bring gold demand down in 2023
Gold ETF demand turns positive in May as investors look for safe-haven assets
BUY GOLD Aug 2023 @ 59400 SL 59100 TGT 59750-59900. MCX
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