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Tag: Resistance
Silver (XAG) Daily Forecast: Will Resistance at $31 Cap Price Gains?
Global demand driven by green energy, automotive and electronics Global industrial demand for silver is expected to grow by 7%…
Gold Price Forecast: Finds Support Near Key Levels, Eyes 20-Day Resistance
Could the retracement end today? Today's low could certainly mark the end of gold's bearish retracement after last week's record…
Gold Price Forecast: Bullish Momentum Builds in Gold as New Resistance Looms
Bullish Channel Breakout Confirmed An initial channel breakout was activated yesterday and the day closed above the channel line. As…
Silver (XAG) Daily Forecast: Festive Demand Boosts Prices, But Resistance Looms at $34
“The demand spike during Dhanteras shows a significant shift in consumer preference for silver,” said a market analyst. As gold…
Silver (XAG) Forecast: Jobs & GDP Data in Focus as Silver Nears Key Resistance
US jobs and GDP data can determine the price of silver This week, silver traders are on high alert for…
Silver (XAG) Daily Forecast: Rising Industrial Demand Meets Resistance Near $34.00
Investors remain cautious ahead of key US economic reports, including Q3 GDP, Personal Consumption Expenditures (PCE) Price Index and Nonfarm…
Gold Price Forecast: Hits Resistance, Eyes Key Support Amid Bearish Reversal
2,753 target leads to sales While the 2,753 upside target was achieved and seemed to be recognized by the market,…
Silver Price Forecast: Silver Hits New High Amid Bullish Trend, Faces Resistance Ahead
Elliott Wave points to 35.05 Adding a simple Elliott Wave analysis to the current uptrend shows that silver is likely…
Gold (XAU) Daily Forecast: Bullish Momentum Holds as Prices Near $2,685 Resistance
The strength of the US dollar and central bank demand support gold Despite gold's strength, the US dollar remains firm,…
US Dollar Forecast: DXY Eyes 103.766 Resistance While Gold Surges on Falling Yields
Pound falls on soft inflation figures The British pound briefly fell below $1.30 after weaker-than-expected inflation data from Britain raised…