Sell Gold Feb @ 135500 SL 136500 TGT 132500-131500. MCX - Kedia Advisory
Gold

SELL GOLD FEB @ 135500 SL 136500 TGT 132500-131500. MCX
Observations
Gold trading range for the day is 132755-136475.
Gold dipped on profit booking as expectations of further US rate cuts and ongoing geopolitical risks.
Fed’s Waller said the U.S. central bank still has room to cut interest rates amid rising job market weakness.
Morgan Stanley projected gold prices would see smaller gains in 2026 as central banks and exchange-traded funds reduce purchases.
Gold discounts in India widened this week as demand fell despite the wedding season after prices scaled record highs.
