16-08-2024 10:10 AM | Source: Kedia Advisory
Buy Gold Oct @ 70000 SL 69800 TGT 70300-70500. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 69410-71380.
Gold prices dropped on profit booking after US CPI report came broadly in line with expectations.
US CPI rose 0.2% last month after June’s -0.1% decline.
Fed's Bostic says a 'little more data' needed to be ready to cut rates
Gold ETFs have seen 3 consecutive months of inflows
BUY GOLD OCT @ 70000 SL 69800 TGT 70300-70500. MCX
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