Buy Gold DEC @ 150500 SL 149500 TGT 152000-153000. MCX - Kedia Advisory
GOLD

BUY GOLD DEC @ 150500 SL 149500 TGT 152000-153000. MCX
Observations
Gold trading range for the day is 150240-152330.
Gold advanced on a combination of cooling oil prices and a softer US dollar.
Fed’s Musalem said the US central bank will need to hike rates again to bring inflation back to its 2% target.
Traders are pricing in a 19% chance of a rate hike in October and an 84% probability of at least one 25-basis-point increase by December.
Gold demand in India was sluggish as prices rebounded, while trading in China was subdued during the holiday-truncated trading period.
