18-07-2024 09:10 AM | Source: Kedia Advisory
Sell Gold Aug @ 74300 SL 74500 TGT 74000-73800. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 73650-74970.

Gold pared gains amid profit booking after prices rose to all time high

Fed's Kugler says recent data indicates inflation headed to 2% target

Fed’s Powell has said that recent data has boosted confidence that inflation will decline to the 2% target from its current level.

China's central bank refrained from gold purchases to its reserves for a second consecutive month in June

SELL GOLD AUG @ 74300 SL 74500 TGT 74000-73800. MCX

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