Buy Gold OCT @ 58800 SL 58600 TGT 59100-59250. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 58630-59140.
Gold gains as investors fretted about a hawkish Fed, global growth prospects.
Fed left interest rates unchanged as widely anticipated, but signaled another rate increase before the end of the year.
In Europe the tightening cycle has likely come to an end, with the Bank of England unexpectedly opting for a halt in interest rates.
The demand for Australian bullion contracted sharply for a second consecutive month in August
BUY GOLD OCT @ 58800 SL 58600 TGT 59100-59250. MCX
