2024-08-05 11:50:29 am | Source: Kedia Advisory
Sell Gold Oct @ 70000 SL 70250 TGT 69700-69500. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 68360-71680.
Gold dropped on profit booking after prices amid weak US jobs report
The US economy added a net 114,000 jobs in July, well below market expectations of a 175,000 increase.
The unemployment rate unexpectedly rose to 2021-highs and wage growth slowed more than markets expected
Central bank gold holdings continue to rise, up 6%, year-on-year, in the second quarter - WGC
SELL GOLD OCT @ 70000 SL 70250 TGT 69700-69500. MCX
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