Gold looks to get support at 150000 and resistance at 160200

2026-02-09 10:53:25 am | Source: Kedia Advisory

Gold looks to get support at 150000 and resistance at 160200 - Kedia Advisory

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Gold

Gold looks to get support at 150000 and resistance at 160200.

Observations

Gold trading range for the day is 147175-159895.

Gold rose as markets have their eyes on the geopolitical situation in Middle East and talks between the U.S. and Iran.

US job cuts reached 108.4K in January, the highest for the month since 2009.

CME raises initial margin on its COMEX 100 gold futures to 9% from 8% Bullion dealers charged a premium of up to $70, down from last week's $153 premium, the highest since December 2013.

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Gold looks to get support at 150000 and resistance at 160200 - Kedia Advisory

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