2026-01-01 11:31:05 am | Source: Kedia Advisory
Gold looks to get support at 133000 and resistance at 138000 - Kedia Advisory
Gold
Gold looks to get support at 133000 and resistance at 138000
Observations
Gold trading range for the day is 134030-137060.
Gold prices slipped on profit booking, but remained on track for its strongest annual performance in more than four decades.
Bullion has surged 65% this year, a rally that accelerated in late April following President Donald Trump’s global tariff rollout.
Federal Reserve’s December meeting minutes, showed that most officials would support rate cuts if inflation continues to fall.
China's net gold imports via Hong Kong in November rose by about 101.5% from October.
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