[ad_1]
Gold is consolidating around $3,226, following a sharp breakout from the $3,195–$3,245 range (highlighted zone). The rally appears to be cooling off slightly, but buyers are still in control, with the pivot point holding steady at $3,194. Immediate resistance remains at $3,245, with the next barrier at $3,260.
On the flip side, a slip below $3,195 could open the door to $3,163. The 50 EMA at $3,206 is tracking the price closely, supporting the short-term uptrend, while the 200 EMA at $3,131 underpins the broader bullish structure.
As long as price stays above the 50 EMA and $3,195, momentum favors the bulls. But without fresh highs soon, this consolidation may turn into a pullback.
Silver (XAG/USD) Price Forecast: Technical Outlook
[ad_2]




