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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