Gold looks to get support at 135800 and resistance at 140000

2026-01-09 11:07:20 am | Source: Kedia Advisory

Gold looks to get support at 135800 and resistance at 140000 - Kedia Advisory

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Gold looks to get support at 135800 and resistance at 140000

Observations

Gold trading range for the day is 135845-138945.

Gold prices fell as investors braced for futures selling tied to a commodity index reshuffle, with a stronger U.S. dollar.

U.S. dollar hovered near a one-month high as investors assessed mixed economic data ahead of Friday’s nonfarm payrolls report.

U.S. job openings dropped to a 14-month low in November while hiring resumed its sluggish tone, pointing to ebbing labor demand.

Gold could hit $5,000 an ounce in first half of 2026, says HSBC

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Gold looks to get support at 135800 and resistance at 140000 - Kedia Advisory

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