Sell Gold Oct @ 100000 SL 100400 TGT 99500-99200. MCX

2025-08-04 11:20:41 am | Source: Kedia Advisory

Sell Gold Oct @ 100000 SL 100400 TGT 99500-99200. MCX - Kedia Advisory

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SELL GOLD OCT @ 100000 SL 100400 TGT 99500-99200. MCX

Observations

Gold trading range for the day is 97655-101025.

Gold rose as the latest US jobs report added to evidence of a cooling labor market.

The US economy added just 73,000 jobs in July, falling short of the 100,000 projected.

Markets are now pricing in a 75% probability of a September rate cut—up sharply from 45% prior to the report.

India's gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases.

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Sell Gold Oct @ 100000 SL 100400 TGT 99500-99200. MCX - Kedia Advisory

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