18-09-2024 09:56 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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