Sell Gold DEC @ 60900 SL 61200 TGT 60600-6400. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 59915-61535.
Gold rose on strong haven demand and mounting geopolitical tensions in the Middle East.
Fed’s Powell's hurt chances of another US interest rate hike before the year end amid the current tight US monetary conditions.
Tensions continue to flare in the Middle East as the Israeli army continues to pound the Gaza strip with heavy air strikes before a likely ground attack.
Fed Chair Jerome Powell said in a New York speech that US economy and tightening labor conditions could lead to another interest rate hike.
SELL GOLD DEC @ 60900 SL 61200 TGT 60600-6400. MCX
