Buy Gold Feb @ 129000 SL 128000 TGT 130000-131000. MCX

2025-12-01 09:52:11 am | Source: Kedia Advisory

Buy Gold Feb @ 129000 SL 128000 TGT 130000-131000. MCX - Kedia Advisory

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GOLD

Buy Gold Feb @ 129000 SL 128000 TGT 130000-131000. MCX

Observations

Gold trading range for the day is 127290-130710.

Gold rose as markets grow increasingly confident of a Fed rate cut in December.

A series of remarks from Fed officials supporting further monetary easing, along with delayed economic data.

Kevin Hassett, considered a leading contender to replace Powell, has publicly backed Trump’s push for another rate cut.

Markets now price in more than an 85% probability of a 25 bps cut next month, up sharply from 30% a week ago.

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Buy Gold Feb @ 129000 SL 128000 TGT 130000-131000. MCX - Kedia Advisory

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