2025-11-17 09:59:49 am | Source: Kedia Advisory
Sell Gold Dec @ 124200 SL 125200 TGT 123000-122000. MCX - Kedia Advisory
GOLD
SELL GOLD DEC @ 124200 SL 125200 TGT 123000-122000. MCX
Observations
Gold trading range for the day is 118885-129385.
Gold dropped as hawkish comments from U.S. Federal Reserve officials clouded prospects for a December rate cut.
The U.S. government reopened after a record 43-day shutdown that had disrupted key economic data flows.
Physical gold demand across major Asian markets was subdued as elevated prices curtailed buying activity.
Traders now see a 49% probability of a quarter-point rate cut in December, down from 64% earlier.
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