Gold trading range for the day is 59080 -59890 - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 59080-59890
Gold recovers after payrolls report showed signs of a cooling labour market.
Nonfarm payrolls expanded by 187K in July, less than market expectations of a 200K increase
Premiums on physical gold in China hit a near five-month peak on strong retail demand
The China Gold Association said consumption rose more than 16% year-on-year in the first half of 2023.
SELL GOLD Oct 2023 @ 59700 SL 59900 TGT 59400-59200. MCX
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