28-08-2024 09:54 AM | Source: Kedia Advisory
Buy Gold Oct @ 71900 SL 71700 TGT 72150-72300. MCX - Kedia Advisory
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GOLD
Observation
Gold trading range for the day is 71585-72425.
Gold remained supported amid firmer expectations of US rate cuts this year and rising geopolitical risks.
Odds of 25 bps US rate cut in Sept at 71.5% – CME FedWatch
China's gold demand expected to rebound as economic jitters spur buying
China's net gold imports via Hong Kong in July up 17% m/m
BUY GOLD OCT @ 71900 SL 71700 TGT 72150-72300. MCX
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