2026-08-18 09:18:29 am | Source: Kedia Advisory
Buy Gold Oct@ 154500 SL 153500 TGT 156000-156800. MCX - Kedia Advisory
Gold
BUY GOLD OCT @ 154500 SL 153500 TGT 156000-156800. MCX
Observations
Gold trading range for the day is 153915-157175.
Gold gains supported by a softer dollar and recent data that curbed expectations of a U.S. interest rate hike next month.
Markets are pricing in a 33% chance of a September rate hike, down from 47% a month ago, CME's FedWatch Tool showed.
The Fed's July meeting minutes, due on Wednesday, will be scrutinized for further clues on monetary policy outlook.
Gold discounts in India widened to their highest levels in more than two months as a rally in bullion prices curbed consumption.
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