Gold trading range for the day is 108375-111235 - Kedia Advisory

Gold
Be Cautious. Important resistance at 111200 while Support at 109000.
Observation
Gold trading range for the day is 108375-111235.
Gold gains as dollar index slipped, its weakest level since late July.
Gold also continued to draw safe-haven support from geopolitical uncertainties.
Markets have fully priced in a 25 bps cut to the fed funds rate, while leaving a small chance of a larger 50 bps move.
UBS raised its gold price forecast by $300 to $3,800 per ounce by the end of 2025 and by $200 to $3,900 by mid-2026










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