Sell Gold Aug 2022 @ 51500 SL 51800 TGT 51200-51000.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50581-52639.
Gold dropped amid pressure from imminent interest rate hikes by major central banks and an increasingly strong US dollar.
The Federal Reserve cemented expectations for an extended monetary tightening path
Multiple policymakers advocating for another aggressive 75bps rate hike in July to curb surging consumer prices.
India's June gold imports treble y/y on price correction
SELL GOLD AUG 2022 @ 51500 SL 51800 TGT 51200-51000.MCX
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