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30-09-2024 10:52 AM | Source: Kedia Advisory
Gold trading range for the day is 75165-76705 - Kedia Advisory
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Gold

Observations

Gold trading range for the day is 75165-76705.

Gold dropped on profit booking after prices gained amid rising confidence that Fed will cut rates.

Both headline and underlying PCE price indices refrained from rising in August

Physical gold demand contracted in key Asian hubs, as a surge in prices to record highs deterred buyers

China's August net gold imports via HK lowest in over 2 years

SELL GOLD DEC @ 75900 SL 76100 TGT 75600-75400. MCX

 

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