Buy Gold DEC @ 119800 SL 119200 TGT 120700-121200. MCX - Kedia Advisory
GOLD
BUY GOLD DEC @ 119800 SL 119200 TGT 120700-121200. MCX
Observations
Gold trading range for the day is 119595-121135.
Gold prices rose supported by a broad risk-off sentiment that boosted the appeal of safe-haven assets.
However, gains were limited by fading expectations of US rate cuts.
Fed officials echoed Chair Powell’s hawkish tone suggesting the recent cut could be the year’s last.
Markets now assign a 69% probability of another rate cut in December, down from 90% before the FOMC decision
