2025-07-07 09:35:40 am | Source: Kedia Advisory
Sell Gold Aug @ 97200 SL 97600 TGT 96700-96500. MCX - Kedia Advisory
GOLD
SELL GOLD AUG @ 97200 SL 97600 TGT 96700-96500. MCX
Observations
Gold trading range for the day is 96555-97345.
Gold steadied as US fiscal deficit concerns and tariff uncertainty boosted safe-haven buying interest.
House passed Trump’s massive tax-and-spending cuts, adding over $3 trillion to deficit projections.
Strong US jobs data capped gains; June payrolls rose by 147,000, jobless rate fell unexpectedly.
Central banks added net 20 tonnes to reserves in May, led by Kazakhstan, Turkey, Poland.
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