Buy Gold Aug @ 139500 SL 138500 TGT 140500-141500 MCX - Kedia Advisory
Gold

BUY GOLD AUG @ 139500 SL 138500 TGT 140500-141500. MCX
Observations
Gold trading range for the day is 138350-143680.
Gold slid amid reviving expectations of elevated interest rates to combat inflationary pressures.
Kevin Warsh's first semiannual testimony, along with a slate of key U.S. economic data including June CPI, PPI and retail sales, will be closely watched
COMEX gold speculators cut net long positions by 1,964 contracts to 114,854 in the week to July 7, data showed.
Gold traded at a wide discount in India as price volatility weighed, while demand in China remained steady
