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08-04-2023 11:05 AM | Source: Kedia Advisory
Gold trading range for the day is 59150-59660 - Kedia Advisory
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GOLD

Observations

Gold trading range for the day is 59150-59660

Gold fell amid firm dollar and hopes for soft landing of resilient U.S. economy

Initial claims edged only slightly higher as expected, job cuts were the lowest in nearly

Dollar index at 4-week peak, US bond yields highest since Nov .

The downturn in euro zone business activity worsened more than expected in July

BUY GOLD Oct 2023 @ 59200 SL 59000 TGT 59550-59750. MCX

 

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