2026-09-04 11:14:42 am | Source: Kedia Advisory
Buy Gold Oct @ 154500 SL 153500 TGT 155500-156500. MCX - Kedia Advisory
Gold
BUY GOLD OCT @ 154500 SL 153500 TGT 155500-156500. MCX
Observations
Gold trading range for the day is 152060-158150.
Gold climbed as the US dollar and Treasury yields retreated from recent highs following dovish comments from Fed officials.
Fed Waller said he sees continued progress on inflation and would support keeping interest rates unchanged at the September meeting.
A weaker-than-expected ADP employment report, pointed to a slowdown in the US labor market.
Investors now await Friday's payrolls report and next week's inflation data for further clues on Fed policy.
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