2026-07-17 10:46:51 am | Source: Kedia Advisory
Sell Gold Aug @ 141500 SL 142500 TGT 140000-139000. MCX - Kedia Advisory
Gold
SELL GOLD AUG @ 141500 SL 142500 TGT 140000-139000. MCX
Observations
Gold trading range for the day is 139100-142380.
Gold fell as escalating Middle East tensions pushed oil prices and U.S. Treasury yields higher.
Concerns over Middle East energy supplies increased after Iran asked Yemen's Houthis to stand ready to close the Red Sea oil route.
Traders are now pricing in about a 56% chance that the Federal Reserve will hike rates in September.
Fed Governor Lisa Cook said she is "prepared to act" if inflation does not soon begin to slow.
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