13-11-2023 10:23 AM | Source: Kedia Advisory
Sell Gold DEC @ 59900 SL 60100 TGT 59600-59450. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 59465-59925.
Gold steadied after a string of hawkish comments from Fed, ECB and BoE policymakers
Waning concerns over the Israel-Hamas war also dented demand for bullion.
Fed Chair Jerome Powell that the U.S. central bank "will not hesitate" to resume raising rates if it becomes appropriate.
Gold demand improved in India to a key festival, but early reports suggested purchases in the major hub were slightly lower
SELL GOLD DEC @ 59900 SL 60100 TGT 59600-59450. MCX
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