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04-07-2024 09:55 AM | Source: Kedia Advisory
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 71330-73110.
Gold prices strengthened as the dollar eased after dovish comments from Fed Chair Powell.
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
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