2026-01-13 11:43:17 am | Source: Kedia Advisory
Gold looks to get support at 139800 and resistance at 144500 - Kedia Advisory
Gold
Gold looks to get support at 139800 and resistance at 144500
Observations
Gold trading range for the day is 138475-144275.
Gold hit a record above $4,600 as probe into Fed Chair Powell raised central bank independence fears.
Support also seen buoyed by rising geopolitical tensions around Iran.
Fed funds futures price in ~3 bps more cuts this year, hinting at risk of aggressive easing.
Gold held in London vaults totaled 9,106 tons at the end of December, a 2.24% increase from November.
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