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25-10-2023 10:09 AM | Source: Kedia Advisory
Sell Gold DEC @ 60700 SL 60900 TGT 60450-60250. MCX - Kedia Advisory
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GOLD

Observations

Gold trading range for the day is 59960-60860.

Gold dropped hurt by a stronger dollar and elevated Treasury yields

Traders kept one eye on U.S. economic data and another on tensions in the Middle East.

Russian gold reserves at 75.0 mln oz as of October 1

Traders are widely expecting the Fed to keep interest rates on hold in November, according to the CME FedWatch tool.

SELL GOLD DEC @ 60700 SL 60900 TGT 60450-60250. MCX



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