2026-01-12 11:11:37 am | Source: Kedia Advisory
Gold looks to get support at 136800 and resistance at 140800 - Kedia Advisory
Gold
Gold looks to get support at 136800 and resistance at 140800
Observations
Gold trading range for the day is 136880-140520.
Gold gains supported by escalating geopolitical risks that have bolstered safe-haven demand.
Prices received support from continued central-bank purchases, with China extending its gold-buying streak for a 14th month.
Gold prices could rise to $5,000 an ounce in the first half of 2026 on geopolitical risks and rising debt, HSBC said.
Gold reserves in London vaults rise 2.24% m/m in December, LBMA says
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