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Gold trading range for the day is 59420-60440 - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 59420-60440
Gold gains as top central banks switch to a more cautious posture about further moves in their year-long round of global monetary tightening. Data showed annual U.S. inflation rose at its slowest pace in over two years in June
Two European Central Bank policymakers raised the prospect of an end to its longest string of rate rises.
Chinese physical gold premiums rose to a four-month high on robust demand.
SELL GOLD Oct 2023 @ 60200 SL 60400 TGT 59900-59700. MCX
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