Core Viewpoint - Gold prices are experiencing an upward trend, currently trading around $5020.48 per ounce, testing the critical psychological resistance level of $5000, while also facing resistance from the EMA50 moving average [1] Group 1: Market Analysis - Analysts note that gold's failure to maintain the $5000 level last week was disappointing, but its relative stability compared to silver is noteworthy [1] - The market is expected to focus on geopolitical developments in Iran and Ukraine, as well as the upcoming non-farm payroll report, which could influence gold prices [1] - A decline in volatility could be beneficial for gold prices, even if it leads to a slight decrease in price [1] Group 2: Technical Indicators - The weekly chart indicates that gold prices have rebounded from a low, suggesting a potential for renewed strength, with key support levels at the 5/10 week moving averages [2] - The critical support level for the day is identified at $4964, with a further support level at $4936; maintaining these levels is crucial for a bullish outlook [2] - The 200-hour simple moving average (SMA) is a key resistance point, and a sustained breakout above this level would trigger new buying signals for bullish traders [2]

Group 1 - The core viewpoint of the article highlights the volatility in the dollar and silver markets driven by the Federal Reserve's cautious interest rate adjustments and the U.S. government's fiscal expansion under the new "Great Beautiful Act" [2][6] - The current price of spot silver is reported at $78.32 per ounce, with a trading range today between a high of $79.34 and a low of $75.84 [4][5] - The Federal Reserve plans to set the benchmark interest rate at 3.4% by the end of 2026, while the market anticipates a reduction to 3.0%, creating a significant divergence that could lead to volatility in the dollar [6][3] Group 2 - The analysis indicates that the U.S. economy will be a key observation point in 2026, with expectations of leading global growth, contrasting with stagnation in the European economy, which may lead to aggressive rate cuts by the European Central Bank [6][2] - The upward trend in silver prices is supported by technical indicators, including the 100-hour simple moving average (SMA) and a positive MACD, suggesting bullish momentum [7][3] - Key resistance levels for silver are identified at $78.06, $79.00, and $80.00, while support levels are noted at $75.00 and $74.55 [7][3]