Buy Gold Dec @ 61400 SL 61200 TGT 61650-61800. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 61320-61800.
Gold gains as traders piled on bets that US interest rates have already peaked.
Data showed orders for long-lasting U.S. manufactured goods fell a more-than-expected 5.4% in October
The number of Americans filing new claims for unemployment benefits fell more than expected last week
Traders widely expect the Fed to leave rates unchanged in December, but dialled back expectations of rate cuts in 2024
BUY GOLD DEC @ 61400 SL 61200 TGT 61650-61800. MCX
