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Gold has pulled back from its recent high of $3,356 after an impressive run, now trading near $3,329. Support is forming around the 23.6% Fibonacci level at $3,322, while deeper support lies near $3,301 and $3,284.
On the upside, bulls are eyeing a retest of $3,356, with breakout potential toward $3,377 and $3,398. The 50 EMA at $3,250 is sloping upward, signaling that the broader uptrend remains intact for now.
As long as prices stay above $3,301, this looks like a healthy correction. But a drop below $3,284 might shift the tone short-term. Right now, gold’s still glimmering—but it’s pausing to catch its breath.
Silver (XAG/USD) Price Forecast: Technical Outlook
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