Gold Powers Through $3,400 as Silver Tests $39 Gold staged an impressive rally today, breaking through the critical $3,400 resistance with gains exceeding 1.5%. Silver followed suit, pushing past the $39 psychological barrier with a 2% advance, signaling renewed appetite across precious metals. Key Support and Resistance Levels The 4-hour chart shows gold has established a solid footing above the $3,360-3,370 zone, which now serves as immediate support. A pullback to test the $3,370 level will be crucial: Holding $3,370 : Opens the door for a challenge of $3,420-3,450, extending the current rebound Breaking $3,370 : Likely triggers a retest of $3,340-3,350 support, shifting into consolidation mode The daily MACD shows early signs of a bullish crossover, though volume remains lackluster, suggesting market participants are still hesitant. Gold finds itself caught between competing forces: Overhead resistance : The $3,400-3,420 band represents a heavily traded zone from mu...
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