Gold trading range for the day is 58180-60060 - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 58180-60060
Gold dropped amid better-than-expected employment data.
U.S. labor market shows continued strength as the number of workers applying for first-time unemployment benefits continues to decline
ECB raised interest rates by 25 basis points, saying inflation is still expected to remain too high for too long despite the recent slowdown.
The Eurozone economy has been showing signs of weakness while inflation remains almost 3 times above the target.
BUY GOLD Aug 2023 @ 58800 SL 58600 TGT 59100-59300. MCX
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