2025-06-16 09:19:38 am | Source: Kedia Advisory
Buy Gold Aug @ 99800 SL 99300 TGT 100450-100800. MCX - Kedia Advisory
GOLD
BUY GOLD AUG @ 99800 SL 99300 TGT 100450-100800. MCX
Observations
Gold trading range for the day is 98965-101335.
Gold on MCX crosses 1 lakh mark as safe-haven demand spiked after Israeli airstrikes on Iranian military and nuclear targets
The strikes reignited fears of a prolonged Middle East conflict, driving investor risk aversion.
Gold could hit $4,000/oz in next 12 months, says BofA
Goldman Sachs forecast that central bank buying will raise gold price to $3,700/toz by end-2025 and $4,000 by mid-2026
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