Buy Gold Dec @ 125700 SL 124800 TGT 126800-127800. MCX - Kedia Advisory
GOLD
BUY GOLD DEC @ 125700 SL 124800 TGT 126800-127800. MCX
Observations
Gold trading range for the day is 122555-128655.
Gold gains supported by growing expectations of an imminent Federal Reserve rate cut.
Private data showed that US companies shed an average of 11,250 jobs per week in the four weeks ending October 25.
Investors are also awaiting a wave of official data as the US government moves to end its longest-ever shutdown.
ANZ sees gold prices peaking around $4,800/oz by mid – 2026
