2025-06-26 09:25:29 am | Source: Kedia Advisory
Sell Gold Aug @ 97700 SL 98000 TGT 97300-97000. MCX - Kedia Advisory
SELL GOLD AUG @ 97700 SL 98000 TGT 97300-97000. MCX
Observations
Gold trading range for the day is 96790-97800.
Gold gains as weak US data boosted hopes for Federal Reserve rate cuts.
However, a fragile ceasefire between Israel and Iran appeared to be holding, reducing safe-haven demand.
PBOC added 60,000 ounces to its gold reserves in May, marking its seventh consecutive month
US consumer confidence unexpectedly dropped in June, raising concerns about the economic impact of tariffs.
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