14-08-2024 11:12 AM | Source: Kedia Advisory
Buy Gold Oct @ 70500 SL 70300 TGT 70850-71100. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 70340-71100.
Gold steadied ahead of U.S. inflation data that could influence bets around Fed’s monetary policy path.
U.S. producer prices increased less than expected in July
Tensions in the Middle East provide support
Gold ETFs have seen 3 consecutive months of inflows
BUY GOLD OCT @ 70500 SL 70300 TGT 70850-71100. MCX
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