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10-07-2024 09:12 AM | Source: Kedia Advisory
Sell Gold Aug @ 72500 SL 72700 TGT 72100-71900. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 71855-72905.
Gold steadied as markets continued to assess the timing and extent of Fed’s rate cuts expected
Chair Powell reinforces cautious on rate cuts
China halts gold purchases for the second month, while other central banks boost reserves
Currently, markets are pricing in a 77% probability of the Fed reducing interest rates in September.
SELL GOLD AUG @ 72500 SL 72700 TGT 72100-71900. MCX
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