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2026-06-08 11:21:53 am | Source: Kedia Advisory
SELL GOLD AUG @ 156500 SL 157500 TGT 155000-154000. MCX
SELL GOLD AUG @ 156500 SL 157500 TGT 155000-154000. MCX

Gold

SELL GOLD AUG @ 156500 SL 157500 TGT 155000-154000. MCX

Observations

Gold trading range for the day is 152515-160135.

Gold fell amid a stronger-than-expected US jobs report and ongoing Middle East uncertainty kept inflation and interest rate concerns.

The May jobs report revealed the US economy added 172,000 jobs, significantly above the forecasted 85,000.

White House National Economic Council director Hassett said the Federal Reserve should not raise rates and there is room to cut.

Global gold ETFs recorded net outflows in May, with Asia and North America leading the withdrawals - WGC

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