2025-10-10 09:37:08 am | Source: Kedia Advisory
Gold trading range for the day is 118010-124920 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,21,800 while Support at 1,19,200
Observations
Gold trading range for the day is 118010-124920.
Gold dropped as the dollar strengthened and investors took profits following a ceasefire deal between Israel and Hamas.
Dovish Fed expectations and the prolonged US government shutdown keep safe-haven demand intact
Fed officials noted that it was appropriate to move the federal funds rate toward a more neutral level.
Fed could cut interest rates further this year but must balance weaker growth prospects with signs that disinflation is slowing - IMF
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