2026-10-23 10:23:46 am | Source: Kedia Advisory
Sell Gold DEC @ 143800 SL ABOVE 144800 TGT 142000. MCX - Kedia Advisory
GOLD
SELL GOLD DEC @ 143800 SL ABOVE 144800 TGT 142000. MCX
Observations
Gold trading range for the day is 141740-145910.
Gold slipped as a rally in oil prices heightened inflation worries ahead of the Federal Reserve's policy decision next week.
US consumer and producer inflation data came in hotter than expected, largely on higher energy costs.
FOMC interest-rate decision, PCE data due next week
Goldman Sachs expects one more 25-basis-point hike in December, lifting the peak policy rate range to 4.00%-4.25%.
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