2024-08-23 12:18:40 pm | Source: Kedia Advisory
Sell Gold Oct @ 71300 SL 71500 TGT 71000-70800. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 70335-72315.
Gold eased as the dollar rose, with investors anticipating Fed Powell's speech.
Minutes from the Fed's July 30-31 meeting indicated a strong likelihood of a rate cut next month.
The meeting indicated that if economic data aligns with expectations, it would be appropriate to ease monetary policy.
Fed’s Collins likely supports a rate cut at the U.S. central bank's policy meeting next month.
SELL GOLD OCT @ 71300 SL 71500 TGT 71000-70800. MCX
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