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09-10-2023 10:58 AM | Source: Kedia Advisory
Buy Gold DEC @ 56800 SL 56600 TGT 57100-57300. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 56245-57225.
Gold gains on short covering after prices dropped as US NFP report were significantly higher than expectations. Fed’s Daly sees no more rate hikes if the labor market slows and inflation remains close to 4%
Taking cues from the US ADP Employment report, job creation is foreseen to slow.
India premiums spike as jewellers stock up for festive season
BUY GOLD DEC @ 56800 SL 56600 TGT 57100-57300. MCX
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