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.
