Sell Gold Dec @ 123500 SL 124500 TGT 122500-121500. MCX - Kedia Advisory
GOLD

SELL GOLD DEC @ 123500 SL 124500 TGT 122500-121500. MCX
Observations
Gold trading range for the day is 121435-124395.
Gold dropped as investors waited for a series of U.S. economic data that could shed more light on Fed’s interest rate path.
Markets are currently pricing in a 46% probability of such a move, the CME Group’s FedWatch Tool shows, down from about 67% seen a week ago.
Reduced physical demand for the bright metal from Asia will continue to act as a headwind.
India's Gold imports soared to USD 14.72 billion, nearly tripling from USD 4.92 billion in October last year
