2025-06-10 12:06:33 pm | Source: Kedia Advisory
Sell Gold Aug @ 97400 SL 97800 TGT 96800-96500. MCX - Kedia Advisory
Gold
SELL GOLD AUG @ 97400 SL 97800 TGT 96800-96500. MCX
Observations
* Gold trading range for the day is 95910-97920.
* Gold steadied as investors awaited the second round of US-China trade talks.
* Stronger-than-expected U.S. non-farm payrolls data have led investors to scale back expectations for Fed rate cuts this year
* China's central bank added gold to its reserves in May for the seventh straight month.
* Market attention will turn to U.S. CPI data, due on Wednesday, for further clues on the Fed's monetary policy path.
Disclaimer:
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