2025-12-15 11:35:43 am | Source: Kedia Advisory
SELL GOLD FEB @ 134500 SL 135500 TGT 133500-132500. MCX - Kedia Advisory
GOLD
SELL GOLD FEB @ 134500 SL 135500 TGT 133500-132500. MCX
Observations
Gold trading range for the day is 130730-136710.
Gold climbed 135000 to all time high supported by expectations of more interest rate cuts next year after Fed pushed back against hawkish market bets.
Jobless claims rose more than expected, reaching their highest level in over two months.
Fed delivered its third 25 bps cut of the year and adopted a less hawkish tone than markets anticipated.
China raising its reserves for a 13th consecutive month to about 74.12 million troy ounces.
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