Gold and Silver Price Forecast: Can Resistance Levels Hold?
Gold (XAU) currently encounters resistance at the $2,642 level, while Silver (XAG) also faces pressure near $29.88. The strong dollar and rising bond yields weigh heavily on both precious metals. Traders should monitor these critical resistance points closely. Understanding how these dynamics interact can provide insights into future price movements. Market conditions are ever-changing, so awareness of potential breakouts or reversals is key. By keeping watch on resistance indicators, investors can strategically position themselves in the precious metals market.