Buy Gold Aug @ 71500 SL 71300 TGT 71800-72000. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 71470-72020.
Gold steadied after data lacklustre U.S. economic activity
U.S. retail sales barely rose in May and figures for the prior month were revised considerably lower, data showed.
The odds of a Federal Reserve rate cut in September to 67% from 61% a day earlier, the CME FedWatch tool showed.
The more immediate focus, is on the U.S. weekly jobless claims data on Thursday and flash purchasing managers' indexes on Friday.
BUY GOLD AUG @ 71500 SL 71300 TGT 71800-72000. MCX
