2025-10-20 09:34:14 am | Source: Kedia Advisory
Gold trading range for the day is 122080-134760 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,28,500 while Support at 1,25,500
Observations
Gold trading range for the day is 122080-134760.
Gold dropped after President Donald Trump signaled that the high tariffs on Chinese goods would not remain in place long term.
Traders are pricing in a 25 basis-point cut by the U.S. Fed in October with another in December, seen as 98% and 95% chances respectively.
HSBC raised its forecasts as a bull rally gained momentum, projecting gold to reach $5,000 an ounce in 2026.
Physical gold demand in major Asian markets was strong, even as prices smashed through multiple record levels
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