2026-08-12 10:28:03 am | Source: Kedia Advisory
Buy Gold OCT @ 152000 SL 151000 TGT 153500-154500. MCX - Kedia Advisory
GOLD
BUY GOLD OCT @ 152000 SL 151000 TGT 153500-154500. MCX
Observations
Gold trading range for the day is 151925-156355.
Gold gains on receding Fed hike bets and reports suggesting that China's central bank stepped up gold purchases in July.
Investors kept a close eye on the Middle East crisis and braced for the release of key U.S. economic data.
U.S. President Donald Trump said the U.S. is semi-negotiating with Iran and wants Iran to remain under economic pressure.
Speculative net long positions in COMEX gold futures surged by 12,070 contracts, bringing the total net long position to 132,398 contracts.
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