Buy Gold Dec @ 76100 SL 75850 TGT 76400-76600. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 75615-76685.
Gold fell after bets fade that the Fed will continue slashing interest rates aggressively.
The downside is limited amid safe-haven flows into Gold due to the fear of an escalation of the conflict in Middle East.
The U.S. central bank's fight to return inflation to its 2% target may take longer than expected to complete.
The dollar climbed, after Japanese Prime Minister Ishiba said the country is not in an environment for an additional rate increase.
BUY GOLD DEC @ 76100 SL 75850 TGT 76400-76600. MCX
