2025-10-17 09:32:21 am | Source: Kedia Advisory
Gold trading range for the day is 126545-131655 - Kedia Advisory
Gold
Prices trading with high volatility. Important resistance at 1,31,400 while Support at 1,27,800
Observations
Gold trading range for the day is 126545-131655.
Gold rose above $4,380/oz, reaching new record levels on MCX Rs 1,30,000/10g.
Safe-haven demand surged amid expectations of dovish US monetary policy.
Fed Powell cited labor market weakness, prompting near certainty of 25 bps rate cut.
Ongoing US government shutdown added to economic uncertainty and market jitters.
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