Precious metals news

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A concise weekly look at major markets, covering key levels and trends across forex, commodities, crypto, and indices with potential breakout signals.

Silver rallied early Thursday but reversed into a potential double top on fading volume, signaling growing exhaustion risk in an overheated market.

Gold pushed above $4,200 on Thursday but lost momentum on low volume, hinting at a possible failed breakout as traders assess key support near $4,000.

Gold prices surged past $4200 as safe-haven demand and Fed uncertainty drive bullish momentum, though indicators suggest a potential overbought condition is near.

Gold continued its bullish run on Wednesday, pushing toward $4,200, but lighter volume and overhead resistance at $4,400 suggest caution amid breakout hopes.

Silver surged 5% on Wednesday to retest the critical $54 resistance, but weakening volume casts doubt on breakout strength, with $50 remaining key support.

US Government Shutdown Ends, But CPI Data Unlikely to be Released; US and European Stock Markets Advance; December Fed Rate Cut Chance Nears 50-50; Precious Metals Higher, Silver Nears Record; USD/JPY Breaks ¥155; Crude Oil Falls on Glut; UK GDP Contracts

Gold (XAU/USD) remains bullish as safe haven demand intensifies due to the ongoing U.S. government shutdown, with support near $4050 and resistance at $4190–$4220.

Silver is showing signs of fatigue below the $51.50 resistance, with a failure to hold $50 potentially signaling a short-term top and a deeper pullback ahead.

Gold reversed Tuesday’s gains, raising concerns of a potential market peak as fading rallies and heavy volume hint at trend exhaustion.

Silver rallied sharply above $50 on Monday, but now faces critical resistance at $51.50, a potential turning point that could decide its next major trend.

Silver continues to consolidate above $47, with momentum building toward a potential breakout above $50 or a breakdown below $45.50 for deeper losses.

Gold prices remain stable above $4000, with bullish momentum supported by Fed cut expectations, weaker USD, and central bank demand, possibly targeting $4200 soon.

Gold is consolidating around $4,000 as it digests prior gains, with $3,900 acting as key support to sustain the broader bullish trend.