2025-12-05 09:42:48 am | Source: Kedia Advisory
Sell Gold FEB @ 130500 SL 131500 TGT 129500-128800. MCX - Kedia Advisory
GOLD
SELL GOLD FEB @ 130500 SL 131500 TGT 129500-128800. MCX
Observations
Gold trading range for the day is 128645-131515.
Gold fell as investors booked profits and turned slightly cautious, awaiting clearer signals ahead of FOMC meeting.
November ADP reading showed an unexpected loss of 32,000 private sector jobs, far below expectations for a 10,000 gain.
However, Geopolitical tensions offered some support, after US-Russia talks on the Ukraine war ended without progress.
Central banks added a net 53 tonnes of Gold to reserves in October, marking the strongest monthly increase since November 2024
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