Buy Gold Dec @ 122200 SL 121400 TGT 123000-123800. MCX - Kedia Advisory
Gold
BUY GOLD DEC @ 122200 SL 121400 TGT 123000-123800. MCX
Observations
Gold trading range for the day is 119870-124420.
Gold fell amid dwindling expectations for a US interest rate cut as investors await the release of delayed US economic reports.
Fed’s Jefferson noted that downside risks to employment have risen relative to upside risks to inflation.
Traders will closely watch Thursday’s September jobs report for insights into the health of the US economy.
Goldman sees strong central bank buying as gold heads toward $4,900 target
