Gold trading range for the day is 109610-110940

2025-09-17 12:33:04 pm | Source: Kedia Advisory

Gold trading range for the day is 109610-110940 - Kedia Advisory

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Gold

Be Cautious. Important resistance at 111200 while Support at 109000.

Observations

Gold trading range for the day is 109610-110940.

Gold dropped on profit booking as investors weighed stronger-than-expected US economic data.

August retail sales rose more than anticipated, while import prices posted their largest increase in seven months.

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.

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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Gold trading range for the day is 109610-110940 - Kedia Advisory

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