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Tag: Resistance
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…
Silver (XAG) Daily Forecast: Can Declining Yields Push Prices Beyond $32.30 Resistance?
Silver boosted by falling yields and weak production On the economic front, silver has benefited from a significant decline in…
Silver Price Forecast: Pullback Holds Support, but Caution Remains Amid Resistance
Issues surrounding the 20-day MA If last week's low holds as support, the bullish technical outlook for silver should continue…