2026-07-22 10:40:12 am | Source: Kedia Advisory
Buy Gold Aug @ 142000 SL 141000 TGT 143000-144000. MCX - Kedia Advisory
Gold
BUY GOLD AUG @ 142000 SL 141000 TGT 143000-144000. MCX
Observations
Gold trading range for the day is 141770-143650.
Gold prices rose as investors weighed diplomatic efforts to ease the U.S.-Iran conflict, which could temper oil-driven inflation risks.
Reports indicated that mediators are working to bring Washington and Tehran back to the negotiating table.
Fed is widely expected to keep rates unchanged at next week’s meeting, markets are pricing in more than a 60% probability of a rate hike in September.
Russian central bank sells 44 tons of gold in first half of 2026
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