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2026-11-02 10:16:54 am | Source: Kedia Advisory
Buy Gold DEC @ 138000 SL BELOW 137000 TGT 141000. MCX - Kedia Advisory
Buy Gold DEC @ 138000 SL BELOW 137000 TGT 141000. MCX - Kedia Advisory

GOLD

BUY GOLD DEC @ 138000 SL BELOW 137000 TGT 141000. MCX

Observations

Gold trading range for the day is 135440-144090.

Gold slipped as higher oil prices and robust US inflation data strengthened the case for another Fed interest rate hike.

Fed Chair Kevin Warsh said inflation can be lowered to the 2% target without having to "throw sand in the gears" markets

Are pricing in a nearly 75% chance of a rate hike in December, according to the CME's FedWatch tool.

US inflation accelerated in September as consumers paid more for gasoline and other goods, supporting expectations of an interest rate increase in December.

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