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2026-07-30 09:59:51 am | Source: Kedia Advisory
Buy Gold trading range for the day is 139970-143000. MCX - Kedia Advisory
Buy Gold trading range for the day is 139970-143000. MCX - Kedia Advisory

Gold

BUY GOLD AUG @ 141500 SL 140500 TGT 142500-143500. MCX

Observations

Gold trading range for the day is 139970-143000.

Gold gained on short covering after pressured by a firm dollar and elevated U.S. Treasury yields

Fed left the federal funds rate unchanged at 3.50%–3.75% for a fifth consecutive meeting in July 2026.

Commerzbank lowers year-end gold price forecast to $4,500 per troy ounce (previously: $4,800)

Investors also await the U.S. Personal Consumption Expenditures data for June, the Fed's preferred inflation gauge, due on Thursday.

 

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