2026-01-06 10:20:19 am | Source: Kedia Advisory
Gold looks to get support at 136000 and resistance at 140200 - Kedia Advisory
Gold
Gold looks to get support at 136000 and resistance at 140200
Observations
Gold trading range for the day is 135585-139545.
Gold prices climbed bolstered by the prospect of further US interest rate cuts.
The persistent Israel-Iran conflict and the ongoing US-Venezuela tensions could boost the Gold price.
Fed’s minutes revealed increasing openness among policymakers toward monetary easing if inflation continues to cool.
Increased margin requirements on gold futures by the CME Group might cap the upside for precious metals
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