2025-11-07 09:46:33 am | Source: Kedia Advisory
Sell Gold DEC @ 121200 SL 122000 TGT 120400-119800. MCX - Kedia Advisory
GOLD
SELL GOLD DEC @ 121200 SL 122000 TGT 120400-119800. MCX
Observations
Gold trading range for the day is 119340-122190.
Gold settled flat as a fragile US labour picture raised the odds of Federal Reserve easing.
The US government entered its longest-ever shutdown, complicating the assessment of the economic outlook.
US private payrolls rose by 42,000 in October, surpassing forecasts of 25,000, while the ISM Services PMI hit an eight-month high.
Markets now assign a 69% probability of another rate cut in December, down from 90% before the FOMC decision.
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