Precious metals are trading higher today with gold breaking above the $1,800 psychological level. US dollar is the weakest among G10 currencies and it provides support for a range of commodities, including precious metals. Price broke above the upper limit of the Overbalance structure and 100-period EMA (H4 interval) in the $1,800 area, signalling that the ongoing upward correction may become a trend reversal. The next major resistance to watch can be found in the $1,845 area.
Tomorrow's FOMC minutes release at 7:00 pm BST can boost volatility on USD and therefore have an impact on gold as well.
Source: xStation5
Daily Summary: End of the week in the red, tech rally waning
🔝Silver Jumps 10% Weekly, up 120% YTD
Chart of the day - SILVER (12.12.2025)
Daily summary: SILVER at a new ATH, EURUSD at its highest since October