Sell Gold DEC @ 150500 SL 151500 TGT 149000-148000. MCX - Kedia Advisory
GOLD
SELL GOLD DEC @ 150500 SL 151500 TGT 149000-148000. MCX
Observations
Gold trading range for the day is 147925-151675.
Gold prices gained amid easing expectations of a Federal Reserve interest rate hike this month The 10- and 30-year
Treasury yields hit 24-year highs as negative sentiment in the bond market prevailed.
Traders are still pricing an 87% probability of an increase in December, according to CME's FedWatch Tool.
HSBC lowered its average 2026 gold price forecast, citing expectations of further US Federal Reserve interest rate hikes and rising oil prices.
