26-07-2024 11:24 AM | Source: Kedia Advisory
Buy Gold Aug @ 67300 SL 67100 TGT 67600-67800. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 66950-68360.
Gold slid as investors squared positions to focus on U.S. economic data
The US GDP expanded by an annualized 2.8% in the second quarter, well above market expectations of 2%
China's net gold imports via Hong Kong in June down 18% m/m
Markets see a 100% chance of a rate cut by the Fed in September, according to the CME FedWatch Tool.
BUY GOLD AUG @ 67300 SL 67100 TGT 67600-67800. MCX
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