Buy Gold Aug @ 71450 SL 71250 TGT 71750-71950. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 71135-72135.
Gold prices were little changed as U.S. Treasury yields held firm
Investors turned cautious ahead of key economic data that could shed light on the Federal Reserve's potential rate cut trajectory.
Market now sees a 63% chance of the Fed cutting interest rates in September as well as another cut in December.
Investor focus now shifts to remarks from Fed Chair Jerome Powell, followed by minutes from the Fed's latest policy meeting.
BUY GOLD AUG @ 71450 SL 71250 TGT 71750-71950. MCX
