Sell Gold Aug @ 71600 SL 71800 TGT 71200-71000. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 71035-72135.
Gold fell as investors await US economic reports for clarity on Fed’s timeline for interest rate cuts.
Fed’s Daly stated that she does not think the US central bank should lower rates until policymakers are confident that inflation is moving towards 2%.
U.S. business activity crept up to a 26-month high in June but price pressures subsided considerably.
Euro zone business growth slowed sharply this month as demand fell for the first time since February.
SELL GOLD AUG @ 71600 SL 71800 TGT 71200-71000. MCX
