2026-07-15 10:50:29 am | Source: Kedia Advisory
Sell Gold Aug @ 143200 SL 144200 TGT 142000-141000. MCX - Kedia Advisory
Gold
SELL GOLD AUG @ 143200 SL 144200 TGT 142000-141000. MCX
Observations
Gold trading range for the day is 139560-144540.
Gold gained after softer-than-expected inflation data boosted hopes of Fed adopting a less hawkish stance.
U.S. consumer inflation slowed more than expected in June.
After the data, traders exited bets that the Fed would hike rates at its July 28-29 meeting.
COMEX gold speculators cut net long positions by 1,964 contracts to 114,854 in the week to July 7, data showed.
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