2026-08-14 10:22:14 am | Source: Kedia Advisory
Sell Gold OCT @ 154000 SL 155000 TGT 153000-152000. MCX - Kedia Advisory
GOLD
SELL GOLD OCT @ 154000 SL 155000 TGT 153000-152000. MCX
Observations
Gold trading range for the day is 152050-155850.
Gold prices slipped as investors took profits following U.S. inflation data that sharply reduced expectations for Fed rate hike.
The U.S. consumer price index rose 3.4% in the 12 months through July, down from 3.5% in June and in line with expectations.
On the geopolitical front, the United States and Iran remain deadlocked over efforts to permanently end their five-month-old war.
Fed’s Goolsbee said he is more concerned about too-high inflation than about any labour market weakness.
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