Gold (XAUUSD) & Silver Value Forecast: Powell’s Dovish Tone Fuels Treasured Metals Outlook…
Gold (XAU/USD) is buying and selling close to $three,366, holding regular after a breakout from a contracting triangle. On the Four-hour chart, value pierced $three,358 resistance and is now consolidating just under $three,375. Each the 50-EMA ($three,346) and 100-EMA ($three,347) have aligned as sturdy help, underscoring the bullish bias.
Momentum indicators again this setup. The RSI is at 62, pointing upward with out being overbought, exhibiting room for additional positive factors. In the meantime, the MACD histogram is widening, confirming momentum is shifting in favor of consumers.
Candlesticks present sturdy conviction, with lengthy decrease wicks defending dips round $three,338. If gold closes above $three,375, upside targets stand at $three,402 and $three,433, whereas help sits at $three,338 and $three,312.
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