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22-11-2023 10:03 AM | Source: Kedia Advisory
Buy Gold DEC @ 61100 SL 60900 TGT 61350-61500. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 60575-61685.

Gold gains as the market gets support from disappointing home sales data.

Existing home sales declined 4.1% to a seasonally adjusted and annualized rate 3.79 million units last month

Swiss gold exports hit 5 – month high on Indian festive demand

The US central bank is widely expected to keep rates unchanged again in December

BUY GOLD DEC @ 61100 SL 60900 TGT 61350-61500. MCX

 

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