2025-08-01 11:10:53 am | Source: Kedia Advisory
Sell Gold Oct @ 99200 SL 99600 TGT 98600-98200. MCX - Kedia Advisory
GOLD
SELL GOLD OCT @ 99200 SL 99600 TGT 98600-98200. MCX
Observations
Gold trading range for the day is 98155-99605.
Gold prices dropped after Fed holds rates in 9–2 split.
Powell dismisses near-term cut, says “tariff passthrough may be slower than thought.”
Q2 GDP beats but shows softer consumer spending, weak business investment.
Traders now see 45% chance of September rate cut, down from 60% pre-Fed.
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.
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