2024-12-18 10:54:42 am | Source: Kedia Advisory
Buy Gold Feb @ 76650 SL 76450 TGT 76950-77100. MCX - Kedia Advisory
Gold
Observations
Gold trading range for the day is 76135-77565.
Gold slips on expectations of a cautious Fed next year
The odds of a 25 bps cut this week stand at 97%, but the chances of a reduction in January are just around 17%.
Traders are increasingly convinced the central bank will lower borrowing rates only gradually next year.
India's gold imports are poised for a sharp slowdown in December following record purchases in November
BUY GOLD FEB @ 76650 SL 76450 TGT 76950-77100. MCX
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