18-09-2024 09:56 AM | Source: Kedia Advisory
Gold trading range for the day is 72550-73870 - Kedia Advisory
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
To Read Complete Report & Disclaimer
Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Latest News
Onboard gig workers on e-Shram portal in 3 months: C...
Buy KEI Industries Ltd For Target Rs. 450 By Motilal...
Buy JSW Steel Ltd For Target Rs. 1100 By Motilal Osw...
Centre okays National Centreof Excellence to boost A...
RE-Invest 2024: MoUs worth Rs 59,000 signed for 94,4...
Nayara Energy Achieves 14.3% Growth in Domestic Fuel...
Buy Hindustan Unilever Ltd For Target Rs. 3250 By Mo...
Rent vs. Buy - Rental Vs. Capital Growth in Key Micr...
Buy Godrej Agrovet Ltd For Target Rs. 970 By Motilal...
A study by Capitalmind on Indian equity markets have...