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2026-07-01 09:19:58 am | Source: Kedia Advisory
Sell Gold AUG @ 143500 SL 144500 TGT 142200-141200. MCX - Kedia Advisory
Sell Gold AUG @ 143500 SL 144500 TGT 142200-141200. MCX - Kedia Advisory

Gold

SELL GOLD AUG @ 143500 SL 144500 TGT 142200-141200. MCX

Observations

Gold trading range for the day is 139025-145385.

Gold gained on short covering after prices dropped amid expectations of U.S. interest rate hikes to tame elevated inflation.

Traders expect three Federal Reserve rate hikes this year, and are currently pricing in about a 64% chance of a September increase.

Investors continued to monitor the prospects for renewed US-Iran diplomacy, though Iran dismissed reports of talks in Doha as unfounded.

US ADP employment report and NFP data due later this week

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