Buy Gold DEC @ 60100 SL 59900 TGT 60400-60600. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 59540-60720.
Gold rose as the dollar eased, with investors awaiting Federal Reserve Chair Jerome Powell's speech for clarity on interest rates.
Federal Reserve Governor Michelle Bowman flagged the possibility of further rate hikes due to the strength of the economy
The Federal Reserve has said that it needs to see some weakness in the U.S. labor market before it starts looking at potential rate cuts.
The latest labor market data was relatively in line with expectations.
BUY GOLD DEC @ 60100 SL 59900 TGT 60400-60600. MCX
