Sell Gold Oct @ 99200 SL 99600 TGT 98600-98200. MCX

2025-08-01 11:10:53 am | Source: Kedia Advisory

Sell Gold Oct @ 99200 SL 99600 TGT 98600-98200. MCX - Kedia Advisory

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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.

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Sell Gold Oct @ 99200 SL 99600 TGT 98600-98200. MCX - Kedia Advisory

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