Buy Gold DEC @ 138500 SL BELOW 137500 TGT 141000. MCX

2026-11-04 11:22:40 am | Source: Kedia Advisory

Buy Gold DEC @ 138500 SL BELOW 137500 TGT 141000. MCX - Kedia Advisory

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BUY GOLD DEC @ 138500 SL BELOW 137500 TGT 141000. MCX

Observations

Gold trading range for the day is 136690-141800.

Gold prices fell as energy-driven inflation worries kept investors on edge ahead of the US midterms elections.

Pressure seen on prices as persistent inflation concerns reinforced expectations that the Federal Reserve could raise interest rates later this year.

World Gold Council cut its forecast for growth in gold investment this year to 200 metric tons from 400 tons previously

India's gold demand is expected to fall to a six-year low in 2026, as elevated prices weigh on jewellery sales and investment demand moderates – WGC

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Buy Gold DEC @ 138500 SL BELOW 137500 TGT 141000. MCX - Kedia Advisory

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