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 70960-72160.
Gold gains as investors awaited a series of economic reports and comments from Fed officials
Investors heeded Fed’s projections of higher interest rates and price growth in the US economy.
Fed’s Harker suggested a rate cut this year pending evidence of slowing inflation.
People's Bank of China paused its aggressive gold-buying in May due to high prices.
BUY GOLD AUG @ 71500 SL 71300 TGT 71800-72000. MCX
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