2026-01-08 10:01:50 am | Source: Kedia Advisory
Gold looks to get support at 136000 and resistance at 140000 - Kedia Advisory
Gold
Gold looks to get support at 136000 and resistance at 140000
Observations
Gold trading range for the day is 136445-139925.
Gold slipped as investors locked in profits after strong recent gains.
Geopolitical tensions and Fed easing bets keep the downside limited.
China’s central bank extended its gold-buying streak to 14 months, underscoring sustained official demand for bullion.
UBS raised its gold target price to $5,000 an ounce over the first three quarters of 2026, before expecting prices to moderate.
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