2026-01-07 09:29:18 am | Source: Kedia Advisory
Gold looks to get support at 137000 and resistance at 141200 - Kedia Advisory
Gold
Gold looks to get support at 137000 and resistance at 141200
Observations
Gold trading range for the day is 137595-139895.
Gold prices rose driven by increased demand for safe-haven assets amid political turmoil in Venezuela.
Bullion surged following the US military operation in Venezuela over the weekend that led to the capture of President Nicolas Maduro.
UBS lifts gold outlook, sees prices rising to $5,000/oz in 2026 Investors are also closely monitoring upcoming US labor market data, particularly the December jobs report due on Friday.
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