Buy Gold Aug @ 69000 SL 68800 TGT 69350-69500. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 68325-69725.
Gold gained as investors remained optimistic that Fed could drop clues about lowering interest rates in September
India's gold demand fell 5% in June 2024, but consumption is expected to improve in the second half of 2024
Global gold demand fell 6% YoY to 929 metric tons in Q2, due to a 19% drop in jewellery consumption.
Global central banks increased purchases for their reserves by 6% to 183 tons in Q2.
BUY GOLD OCT @ 69000 SL 68800 TGT 69350-69500. MCX
