2025-09-10 09:41:30 am | Source: Kedia Advisory
Gold trading range for the day is 107920-110400 - Kedia Advisory
Gold
Be Cautious. Important resistance at 109800 while Support at 107600.
Observations
Gold trading range for the day is 107920-110400.
Gold surged to an all-time high buoyed by growing expectations of Federal Reserve rate cuts through year-end
The US economy added fewer jobs than expected in August, while unemployment rose to its highest level since 2021.
China's central bank buys gold in August for 10th month in a row
Traders have fully priced in a 25-bp cut this month, with an 8% chance of a jumbo 50-bp rate cut.
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