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2026-08-31 10:20:52 am | Source: Kedia Advisory
Sell Gold Oct @ 157000 SL 158200 TGT 156500-155500. MCX - Kedia Advisory
Sell Gold Oct @ 157000 SL 158200 TGT 156500-155500. MCX - Kedia Advisory

Gold

SELL GOLD OCT @ 157000 SL 158200 TGT 156500-155500. MCX

Observations

Gold trading range for the day is 153300-161850.

Gold dropped as traders increased bets on an interest rate hike after Fed Warsh's remarks on curbing inflationary pressure.

Fed chair Kevin Warsh said forward guidance should play a limited role.

The US economy added 79,000 fewer jobs in the 12 months through March 2026 than previously estimated

Gold discounts in India plunged, falling to their deepest level in three months, as demand fell sharply.

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