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Gold (XAU/USD) & Silver Price Forecast: Sticky PCE Puts Warsh and Fed in Focus


RSI is currently at 56, which shows that price is moving higher, but not too fast. There is resistance at $4,639, $4,698, $4,735 and $4,771. For support, price has the $4,604 level, the $4,575 level, the $4,546 level, and the $4,511 level.

In my opinion, as long as price stays above $4,575 – $4,604, the bullish structure is still intact. Taking out $4,639 could go as high as $4,698, but breaking $4,575 could lead to a correction that goes to $4,546.

Silver Technical Analysis: XAG/USD Remains Range-Bound Between $67.68 and $69.96



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