2026-10-30 10:13:43 am | Source: Kedia Advisory
Sell Gold DEC @ 143500 SL ABOVE 144500 TGT 141000. MCX - Kedia Advisory
GOLD
SELL GOLD DEC @ 143500 SL ABOVE 144500 TGT 141000. MCX
Observations
Gold trading range for the day is 141390-144520.
Gold slid as sticky inflation fueled bets of a potential interest rate hike by the US Federal reserve later this year.
Fed expectedly kept rates unchanged, deferring changes to borrowing costs until after next week's midterm elections.
Traders are still pricing in about an 90% chance of a rate hike in December, according to the CME's FedWatch Tool.
ECB left interest rates unchanged at its October 2026 meeting, as expected, keeping the main refinancing rate at 2.65%.
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