2025-10-30 10:19:31 am | Source: Kedia Advisory
Gold trading range for the day is 118260-122840 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,22,000 while Support at 1,18,600
Observations
Gold trading range for the day is 118260-122840.
Gold prices rose reclaiming the key $4,000 per ounce level, driven by bargain hunting.
Support also seen amid economic and geopolitical uncertainties, strong central bank buying, and concerns over currency debasement.
The Fed cut the federal funds rate by 25 bps, bringing the target range to 3.75%-4%, its lowest level since 2022.
LBMA annual gathering predicted prices at $4,980 per ounce over the next 12 months.
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