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28-11-2023 09:40 AM | Source: Kedia Advisory
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

 

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