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2025-12-23 11:55:12 am | Source: Kedia Advisory
Buy Gold Feb @ 135700 SL 134700 TGT 137000-137800. MCX - Kedia Advisory
Buy Gold Feb @ 135700 SL 134700 TGT 137000-137800. MCX - Kedia Advisory

Gold

BUY GOLD FEB @ 135700 SL 134700 TGT 137000-137800. MCX

Observations

Gold trading range for the day is 134235-138075.

Gold rose to a record high driven by geopolitical tensions and expectations for Federal Reserve rate cuts.

The rally is supported by five straight weeks of inflows into gold-backed ETFs.

The probability of the Fed reducing interest rates by 25 basis points (bps) to 3.25%-3.50% in the January meeting is 22.5%.

Fed’s Hammack stated that there is no need to change interest rates at least until the spring.

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