11-06-2024 10:15 AM | Source: Kedia Advisory
Buy Gold Aug @ 71200 SL 71000 TGT 71600-71800. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 70485-71965.
Gold settled flat as traders are closely watching the upcoming FOMC monetary policy decision
The US economy added 272K jobs in May, indicating the labor market's resilience.
China's central bank paused gold purchases in May after an 18-month streak of consecutive buying.
The likelihood of a rate cut in September has decreased to approximately 50%, down from about 70%.
BUY GOLD AUG @ 71200 SL 71000 TGT 71600-71800. MCX
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