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Tag: Support
Silver (XAG) Forecast: Prices Drop as China’s Stimulus Disappoints, Support at $29.71
At 12:35 GMT, XAG/USD is trading $31.21, down $0.33 or -1.05%. The Chinese stimulus disappoints traders The drop in silver…
Gold (XAU) Daily Forecast: Will $2,620 Support Level Spark a Buying Rebound?
Gold – Chart Gold (XAU/USD) is trading slightly lower at $2,621.62, down 0.01%, as the precious metal struggles to stay…
Silver (XAG) Daily Forecast: Is Silver Positioned for a Rebound Above $30.50 Support?
Russia's change in strategy and industrial demand are boosting the outlook Amid this downturn, Russia's renewed interest in increasing its…
Silver (XAG) Daily Forecast: Technical Setup Suggests $31 Support —Key Levels in Focus
“The rise in US Treasury yields has created a challenging environment for silver, making it less attractive to investors,” said…
Silver (XAG) Daily Forecast: Ascending Trendline Support – Poised for an Uptrend?
“Silver's strength is driven by a combination of safe-haven demand and favorable macroeconomic trends,” said a commodity analyst at UBS.…
Gold News: Dollar Slide and Fed Rate Cuts Support Rally, But Correction Looms
Weekly gains driven by hopes of Fed rate cuts Although gold has retreated from its peak, the precious metal is…
Gold (XAU) Daily Forecast: US PCE Data Looms, XAU Steady Near Key $2,665 Support Level
While geopolitical tensions in the Middle East continue to support demand for safe havens such as gold, upside potential remains…
Silver (XAG) Daily Forecast: Will $31.65 Support Hold Amid Risk-On Market Sentiment?
However, silver remains supported by a weakening US dollar and global uncertainties. The Federal Reserve's plans for aggressive monetary easing…
Silver Price Analysis For August 2024: Watch Key Fibonacci Support
The weakness in the silver price raises the question of whether silver's bull run is completely over or if this…