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2026-08-07 10:27:46 am | Source: Kedia Advisory
Buy Gold OCT @ 148000 SL 147000 TGT 149200-150200. MCX - Kedia Advisory
Buy Gold OCT @ 148000 SL 147000 TGT 149200-150200. MCX - Kedia Advisory

GOLD

BUY GOLD OCT @ 148000 SL 147000 TGT 149200-150200. MCX

Observations

Gold trading range for the day is 147165-150925.

Gold climbed as hopes surrounding the re-opening of the Strait of Hormuz eased mounting fears around inflation.

China’s gold imports surged 89.1% year-on-year in the first half of 2026.

In H1 2026, China’s raw gold production was 152.908 mt, down 26.175 mt YoY, a decline of 14.62%

Deutsche Bank sees gold's correction as largely done, holds US$4600 Q4 target

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