2024-11-22 11:37:36 am | Source: Kedia Advisory
Buy Gold Dec @ 76500 SL 76300 TGT 76800-77000. MCX - Kedia Advisory
Gold
Observations
Gold trading range for the day is 75880-77170.
Gold rose driven by safe-haven demand amid escalating tensions in the Russia-Ukraine conflict
Investors awaited remarks from Federal Reserve policymakers on the interest rate outlook.
US vetoed a U.N. Security Council resolution calling for a ceasefire in Gaza, adding to ongoing geopolitical tensions.
Markets see a 56% chance of a 25-basis-point U.S. rate cut in December, per the CME Fedwatch tool.
BUY GOLD DEC @ 76500 SL 76300 TGT 76800-77000. MCX
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