2025-11-21 10:36:06 am | Source: Kedia Advisory
Sell Gold Dec @ 123500 SL 124500 TGT 122500-121700. MCX - Kedia Advisory
GOLD
SELL GOLD DEC @ 123500 SL 124500 TGT 122500-121700. MCX
Observations
Gold trading range for the day is 121070-124590.
Gold dropped as investors digested mixed US labor data and fading expectations for a December Federal Reserve rate cut.
US nonfarm payrolls rose by 119K in September 2025, rebounding from a revised 4K decline in August and beating market forecasts of 50K.
The US unemployment rate increased to 4.4% in September 2025 from 4.3% in August, exceeding market expectations of 4.3%
Swiss gold exports fell about 11% in October from the previous month, as elevated prices squeezed Chinese demand.
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