2025-09-18 10:20:43 am | Source: Kedia Advisory
Gold trading range for the day is 108880-110430 - Kedia Advisory
Gold
Be Cautious. Important resistance at 110600 while Support at 108600 .
Observations
Gold trading range for the day is 108880-110430.
Gold slipped as investors locked in profits after prices scaled record high.
The Federal Reserve cut the federal funds rate by 25 bps to a range of 4.00%–4.25% Softer payroll data highlighted a weakening labor market, reinforcing expectations for multiple cuts.
Commerzbank has raised its gold price forecast to $3,600 per troy ounce by the end of this year and to $3,800 by the end of 2026.
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