Gold trading range for the day is 58600-59180 - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 58600-59180.
Gold steadied as markets remained skeptical over the Fed’s course of action.
July’s US CPI numbers were cooler than expected, backing the current trend of disinflation in the US economy
Physical gold demand picked up in India helped by a retreat in prices
China has been steadily increasing its reserves, with 68.69 million fine troy ounces at end-July.
BUY GOLD OCT @ 58700 SL 58500 TGT 59000-59200. MCX
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