Buy Gold Aug @ 72200 SL 72000 TGT 72500-7700. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 72115-72615.
Gold settled flat after fresh US economic data reinforced expectations for interest rate cuts by Fed
Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts
Data showed U.S. job openings rose in May after two months of declines
The market now sees a 65% chance of the Fed cutting interest rates in September as well as another cut in December
BUY GOLD AUG @ 72200 SL 72000 TGT 72500-7700. MCX
