2026-08-21 10:39:46 am | Source: Kedia Advisory
Buy Gold OCT @ 158000 SL 157000 TGT 159600-160800. MCX - Kedia Advisory
GOLD

BUY GOLD OCT @ 158000 SL 157000 TGT 159600-160800. MCX
Observations
Gold trading range for the day is 155835-161795.
Gold gained as the US Treasury's intervention on bond markets lowered the dollar and reignited the debasement trade.
U.S. Treasury Department said it would double the size of its liquidity-support buyback operations for longer-dated notes and bonds.
Inflation concerns deepened at FOMC July meeting, minutes show
Morgan Stanley expects gold to exceed $5,000 an ounce in 2027, potentially sooner, as it sees the Fed staying on hold
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