Gold trading range for the day is 72550-73870

2024-09-18 09:56:14 am | Source: Kedia Advisory

Gold trading range for the day is 72550-73870 - Kedia Advisory

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GOLD

Observation

Gold trading range for the day is 72550-73870.

Gold eased as slightly dollar and Treasury yields edged higher.

U.S. retail sales unexpectedly rose in August, suggesting that the economy remained on a solid footing

Traders positioned themselves for a potential U.S. interest rate cut decision by the Federal Reserve.

Markets are now pricing in a 65% chance of a 50-basis-point cut versus 34% a week ago, according to the CME FedWatch tool.

SELL GOLD OCT @ 73300 SL 73500 TGT 73050-72850. MCX

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Gold trading range for the day is 72550-73870 - Kedia Advisory

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