Buy Gold Oct 2022 @ 49150 SL 49000 TGT 4 - Kedia Advisory
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GOLD
Gold trading range for the day is 48725-49831.
Gold recovered from lows but ended with losses knocked by a stronger dollar and expectations of a sizeable U.S. rate hike.
Solid US retail sales and jobless claims data, cemented fears that the Fed may need to move even more aggressively.
Markets now see a 75% chance of a 75-basis-point rate hike at the end of Fed’s meeting next week and a 25% chance of a 100-bps increase
India demand improves as prices dip, dealers eye festive boost
BUY GOLD OCT 2022 @ 49150 SL 49000 TGT 49400-49600.MCX
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