08-11-2024 10:50 AM | Source: Kedia Advisory
Buy Gold Dec @ 77200 SL 77000 TGT 77500-77770. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 75895-78215.
Gold rises as trader’s brace for Fed rate decision
The Fed lowered the funds target range by 25 basis points to4.5%-4.75%, in line with expectations
The dollar index eased from a four-month high, followingRepublican Donald Trump's win in the U.S. presidential election.
China's central bank refrained from purchasing gold for itsreserves for the sixth consecutive month in October
BUY GOLD DEC @ 77200 SL 77000 TGT 77500-77770. MCX
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