Sell Gold Aug @ 97400 SL 97700 TGT 97000-96700. MCX

2025-06-27 11:36:36 am | Source: Kedia Advisory

Sell Gold Aug @ 97400 SL 97700 TGT 97000-96700. MCX - Kedia Advisory

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SELL GOLD AUG @ 97400 SL 97700 TGT 97000-96700. MCX

Observations

Gold trading range for the day is 96015-98175.

Gold eases as Iran-Israel ceasefire reduces safe-haven demand.

Downside limited by sharp U.S. dollar decline on dovish Fed expectations.

Trump may announce new Fed Chair by September–October, potentially favoring dovish stance.

U.S. Q1 2025 GDP contracts 0.5%, first decline in three years.

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Sell Gold Aug @ 97400 SL 97700 TGT 97000-96700. MCX - Kedia Advisory

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