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2025-11-18 09:42:36 am | Source: Kedia Advisory
Sell Gold Dec @ 123500 SL 124500 TGT 122500-121500. MCX - Kedia Advisory
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

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