Buy Gold Oct 2021 @ 47100 SL 46900 Tgt 47350-47500.Mcx - Kedia Advisory
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GOLD
Gold trading range for the day is 46971-47703.
Gold prices retreated from highs as some investors opted for the dollar instead as surging COVID-19 Delta variant cases posed a threat to a global economic recovery.
Disappointing U.S. retail sales data and a spike in COVID-19 infections worldwide dented appetite for riskier assets.
The market’s focus now turns to minutes from Federal Reserve’s July meeting due on Wednesday for cues on the central bank’s stimulus tapering.
Markets are also keeping a close watch on rising geopolitical implications in Afghanistan.
BUY GOLD OCT 2021 @ 47100 SL 46900 TGT 47350-47500.MCX
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