Sell Gold Oct @ 101300 SL 101700 TGT 100800-100400. MCX

2025-08-05 11:54:13 am | Source: Kedia Advisory

Sell Gold Oct @ 101300 SL 101700 TGT 100800-100400. MCX - Kedia Advisory

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GOLD

SELL GOLD OCT @ 101300 SL 101700 TGT 100800-100400. MCX

Observations

Gold trading range for the day is 99425-102235.

Gold rallied to all time high on MCX driven by rising expectations of a Fed rate cut as well as safe-haven demand.

Data showed US employment growth was weaker than expected in July, signaling potential cracks in the labor market.

Trump unveiled new tariffs rates—ranging from 10% to 41%—on imports from dozens of countries, set to take effect on August 7.

Citi raises gold forecast to $3,500/oz over next 3months on negative US outlook.

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Sell Gold Oct @ 101300 SL 101700 TGT 100800-100400. MCX - Kedia Advisory

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