19-09-2024 11:41 AM | Source: Kedia Advisory
Sell Gold Oct @ 73250 SL 73500 TGT 72900-72700. MCX - Kedia Advisory
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GOLD
Observation
Gold trading range for the day is 72550-73870.
Gold steadied as Fed to start its U.S. monetary easing cycle for the first time in over four years.
Fed lowered its benchmark interest rate by 50bps to 4.75%-5% in light of the progress on inflation
U.S. retail sales unexpectedly rose in August, suggesting that the economy remained on a solid footing
Retail buyers in key Asian hubs shied away from gold purchases due to soaring prices
SELL GOLD OCT @ 73250 SL 73500 TGT 72900-72700. MCX
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