2025-08-08 11:46:34 am | Source: 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.
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