Buy Gold OCT @ 59000 SL 58800 TGT 59250-59400. MCX

7/09/2023 11:16:49 AM | Source: Kedia Advisory

Buy Gold OCT @ 59000 SL 58800 TGT 59250-59400. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 58845-59425.

Gold dropped after activity in the U.S. service sector showed unexpected improvement.

The ISM said its Services Purchasing Managers Index rose to a reading of 54.5% last month

The US trade deficit widened less than expected to $65 billion in July 2023 from a downwardly revised $63.7 billion in June

The WGC said that global physically-backed gold ETFs saw their third consecutive month of outflows

BUY GOLD OCT @ 59000 SL 58800 TGT 59250-59400. MCX

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Buy Gold OCT @ 59000 SL 58800 TGT 59250-59400. MCX - Kedia Advisory

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