📌 Key Highlights

✦ 📊 U.S. CPI is today's main market catalyst and could influence Federal Reserve rate expectations.

✦ 🌍 Ongoing Middle East tensions continue supporting safe-haven demand.

✦ 🪙 The Silver Institute expects a 46.3-million-ounce supply deficit in 2026.

✦ 📈 Gold remains bullish above key support, with $4,430 as the next major resistance.

✦ ⚡ Silver stays strong above $64.47, while a break above $66.50 could target $67.60.

🌍 Market Outlook

✦ Investors are focused on today's U.S. inflation report.

✦ A softer CPI could boost gold and silver by increasing expectations of future rate cuts, while hotter inflation may strengthen the dollar and pressure precious metals.

✦ Despite short-term uncertainty, central bank gold purchases, geopolitical risks, and silver's ongoing supply deficit continue to support the long-term bullish outlook.

📈 Gold Technical Analysis (XAU/USD)

✦ Gold is trading around $4,405, holding above its 50-EMA ($4,332) and 100-EMA ($4,259) within a bullish rising channel.

🎯 Resistance: $4,430 • $4,477 • $4,516

🛡️ Support: $4,369 • $4,306 • $4,224

✦ A breakout above $4,430 could strengthen bullish momentum.

⚪ Silver Technical Analysis (XAG/USD)

✦ Silver trades near $66.01, remaining above the 50-EMA ($63.94) and 100-EMA ($62.40) with positive momentum.

🎯 Resistance: $66.50 • $67.60

🛡️ Support: $64.47 • $63.10 • $61.16

✦ A move above $66.50 may open the door to $67.60, while holding above $64.47 keeps the bullish trend intact.

#GoldPriceForecast #SilverPriceForecast #XAUUSD #XAGUSD #TechnicalAnalysis

$XAU $XAG

XAGUSDT

Perp

53.33

-1.64%

XAUUSDT

Perp

4,017.45

+0.02%