2025-09-05 12:01:37 pm | Source: Kedia Advisory
Sell Gold Oct @ 107000 SL 107800 TGT 106000-105200. MCX - Kedia Advisory
Gold
SELL GOLD OCT @ 107000 SL 107800 TGT 106000-105200.
Observations
Gold trading range for the day is 105320-107370.
Gold dropped on profit booking after prices gained amid expectations of lower interest rates by Fed.
The market is now pricing in a 98% chance of a 25 basis-point rate cut this month, CME Group's FedWatch tool showed.
Several Fed officials said labour market worries continue to animate their beliefs that rate cuts are imminent.
A Labor Department report showed that job openings fell more than expected to 7.181 million in July
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