2025-07-04 09:56:48 am | Source: Kedia Advisory
SELL GOLD AUG @ 97100 SL 97500 TGT 96600-96200. MCX - Kedia Advisory
GOLD
SELL GOLD AUG @ 97100 SL 97500 TGT 96600-96200. MCX
Observations
Gold trading range for the day is 95675-98335.
Gold dropped after strong labor data hampered bets of a dovish Fed.
June's jobs report showed that nearly 150,000 jobs were added to the US economy, well above expectations of 110,000.
Markets also awaited updated on new trade deals ahead of July 9th's deadline for the reintroduction of Liberation Day tariffs.
Tariffs on Vietnam were lowered to 20% from 46%, but reports indicated that negotiations with other major trading partners faced roadblocks
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