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24-10-2024 09:27 AM | Source: Kedia Advisory
SELL GOLD DEC @ 78000 SL 78200 TGT 77700-77500. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 76810-79420.
Gold dropped on profit booking as the dollar index rose above 104.4, hitting its highest levels since late July.
Traders see 89% chance of a 25 bps US rate cut in November
Investors are closely watching developments in the Middle East as tensions flared
The uncertainty surrounding the upcoming US presidential elections is also further increasing the appeal of safe-haven assets.
SELL GOLD DEC @ 78000 SL 78200 TGT 77700-77500. MCX
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