2025-08-07 11:30:20 am | Source: Kedia Advisory
Sell Gold Oct @ 101500 SL 102000 TGT 100800-100500. MCX - Kedia Advisory
Gold
SELL GOLD OCT @ 101500 SL 102000 TGT 100800-100500. MCX
Observations
Gold trading range for the day is 100415-101755.
Gold steadied as traders awaited updates on potential Federal Reserve leadership changes.
Market expectations for a rate cut in September have surged to around 90%, following a string of soft economic data.
The latest ISM report showed an unexpected stagnation in the services sector, accompanied by rising price pressures.
Citi raised its gold price forecast over next three months to $3,500 per ounce from $3,300
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