Gold and Silver Updates


  • Gold consolidates near-daily highs, eyes $1900.
  • Bullish crossover on the hourly chart retains the consumers hopeful.
  •  The spot trades above all key averages, with a bullish RSI.

Gold (XAU/USD) continues to probe the higher band of Thursday’s buying and selling vary up to now, because the $1900 barrier stays in sight amid a positive technical setup within the near-term.

As noticed within the hourly chart, gold sits comfortably above all the most important hourly transferring averages (HMA), as of writing.

Gold Value Chart: Hourly

The bullish crossover on the stated time-frame, with the 21-HMA having minimize the 50-HMA from beneath, provides credence to the bullish momentum.

Additional, the Relative Energy Index (RSI) holds firmer effectively above the midline, at present at 62.90, suggesting that there’s extra room to the upside.

The following related resistance is seen on the December 22 excessive of $1884 above which the $1900 stage may very well be examined.

Alternatively, the bullish bias stays intact as long as the worth holds above the 200-HMA at $1866. Forward of that the 50-HMA assist at $1870 might come into play.

Gold Further ranges



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