Gold looks to get support at 146000 and resistance at 158000. - Kedia Advisory
Gold
Gold looks to get support at 146000 and resistance at 158000.
Observations
Gold trading range for the day is 145830-157320.
Gold dropped pressured by renewed selling after Federal Reserve caution on rate cuts.
Fed’s Cook said she would not support additional cuts, prioritizing persistent upside inflation risks over signs of a slowing labor market.
China gold output rises 3.4% to 552 tons in 2025
China gold consumption falls 3.6% to 950 tons in 2025
Silver
Silver looks to get support at 222000 and resistance at 268000.
Observations
Silver trading range for the day is 216540-271730.
Silver declined amidst easing geopolitical tensions and expectations of positive results in U.S. and Iran.
Initial jobless claims in the US rose by 22,000 from the previous week to 231,000.
ECB left interest rates unchanged at its first policy meeting of 2026, reiterating that inflation is expected to stabilize at its 2% target.
Goldman Sachs warned that depleted inventories have triggered "squeeze-like conditions"
