Powered by: Motilal Oswal
2025-08-08 11:46:34 am | Source: Kedia Advisory
Sell Gold Oct @ 101800 SL 102300 TGT 101200-100800. MCX - Kedia Advisory
Sell Gold Oct @ 101800 SL 102300 TGT 101200-100800. MCX - Kedia Advisory

Gold

SELL GOLD OCT @ 101800 SL 102300 TGT 101200-100800. MCX

Observations

Gold trading range for the day is 100340-102720.

Gold climbed above 1,02,000 on MCX to an all-time high supported by escalating trade tensions.

President Donald Trump's sweeping tariffs ranging from 10% to 50% took effect, targeting dozens of countries.

Fed’s Kashkari signaled the need for rate cuts amid a slowing US economy. 

Jobless claims data reinforced that view, with both initial and continuing claims topped forecasts.

 

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here