Sell Gold Oct @ 101400 SL 101800 TGT 101000-100700. MCX

2025-08-06 08:58:31 am | Source: Kedia Advisory

Sell Gold Oct @ 101400 SL 101800 TGT 101000-100700. MCX - Kedia Advisory

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SELL GOLD OCT @ 101400 SL 101800 TGT 101000-100700. MCX

Observations

Gold trading range for the day is 100025-102235.

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 @ 101400 SL 101800 TGT 101000-100700. MCX - Kedia Advisory

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