Buy Gold Dec @ 60500 SL 60300 TGT 60800-61000. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 59110-62720.
Gold gains after the latest employment data showed surprisingly elevated weakness in the U.S. labor market.
Fed has said that it needs to see some weakness in the U.S. labor market before it starts looking at potential rate cuts
US weekly jobless claims rose by 13,000 to 231,000, up from the previous week's downwardly revised estimate of 218,000 claims
Initial unemployment claims posted their highest reading since late August.
BUY GOLD DEC @ 60500 SL 60300 TGT 60800-61000. MCX
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