2025-12-03 12:07:08 pm | Source: Kedia Advisory
Buy Gold Feb @ 129500 SL 128500 TGT 130500-131500. MCX - Kedia Advisory
Gold
BUY GOLD FEB @ 129500 SL 128500 TGT 130500-131500. MCX
Observations
Gold trading range for the day is 128055-131655.
Gold fell as investors took profits after prices reached a six-week peak, amid mounting expectations of a US interest rate cut next week.
Traders currently assign an 88% probability to a 25bps reduction at the Fed’s upcoming meeting.
US manufacturing sector contracted for the ninth consecutive month in November, increasing pressure on the Fed to ease policy.
Investor focus now turns to the November ADP employment report on Wednesday and the delayed September PCE data on Friday for further clues.
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