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01-01-1970 12:00 AM | Source: Kedia Advisory
Buy Gold OCT @ 58500 SL 58300 TGT 58800-59000. MCX - Kedia Advisory
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Gold

Observations

Gold trading range for the day is 58285-59055.

Gold dropped as dollar index rose above 104.2, reaching its highest levels in eleven weeks

Fed prepared to raise rates further to combat inflation

Premiums on physical gold jumped, driven by supply constraints and strong demand for bullion as a safe-haven

Central bank buying slowed in Q2 but remained resolutely positive

BUY GOLD OCT @ 58500 SL 58300 TGT 58800-59000. MCX

 

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