Gold (XAUUSD) & Silver Price Forecast: $5,000 Gold Is Close – Is $100 Silver Next?

Market Overview

Gold price (XAU/USD) extended its strong bullish rally and crossed the $4,950 level, hitting an intraday high of $4,967 on Friday. However, the reason for its long and strong bullish rally can be attributed to ongoing geopolitical tensions and rising expectations of future rate cuts.

In addition to this, the increasing central bank gold purchases, concerns over global economic slowdown, and a weaker US dollar have further boosted demand for the safe-haven metal.

Gold Surges as Investors Seek Safety Amid Global Tensions and Fed Uncertainty

As we mentioned, Gold is gaining strength as investors look for safety due to the rising global tensions and uncertainty around the US Federal Reserve. This is evident as recent issues in Venezuela, Iran, and Greenland have prompted traders to turn to Gold, which is considered a safe-haven asset during uncertain times.

As a result of this, Gold edged higher toward a new all-time high, and it could end the week up by more than 7%. People trust Gold because it holds value when other investments feel unstable.

Investors are also closely watching who US President Donald Trump will choose as the next Fed Chair to replace Jerome Powell. If the new chair is more likely to lower interest rates, this would make Gold even more attractive.

Gold’s Rise May Pause Amid Greenland Deal Hopes, But Bullish Trend Remains

On the flip side, the hopes for a deal on Greenland could slow down Gold’s rise. President Trump said he would hold off on tariffs for European countries that opposed his plan to acquire Greenland.

He also mentioned that the US and NATO have set the groundwork for a possible future agreement regarding Greenland. This news could ease some of the global tensions ad limit gold gains.

Gold Price Forecast: XAU Consolidates Below $4,970 as Uptrend Pauses Near Channel Resistance

Gold is trading around $4,940, easing after a strong rally within a clearly defined ascending channel on the 2-hour chart. Recent candlesticks show smaller bodies near the upper channel boundary, signaling slowing upside momentum rather than a reversal.

Price remains above the rising trendline and the 50-EMA, while the 200-EMA near $4,570 continues to anchor the broader bullish structure. Immediate resistance sits at $4,970–$5,000, followed by $5,110, while support is layered at $4,890 and $4,770.

The pullback aligns with a shallow Fibonacci retracement, keeping structure intact. RSI has cooled toward 55, suggesting consolidation.

Trade idea: Buy on a hold above $4,890, target $4,970, stop below $4,770.

Silver Price Forecast: XAG Holds $98.50 as Bullish Channel Keeps Upside Structure Intact

Silver is trading near $98.55, pausing after a steady advance inside a well-defined ascending channel on the 2-hour chart. Recent candlesticks near the upper channel boundary show smaller bodies, suggesting consolidation rather than exhaustion.

Price remains above the rising trendline and the 50-EMA, while the 200-EMA near $86.65 confirms the broader bullish trend. Immediate resistance sits around $99.65, followed by $103.17, aligning with prior highs. On the downside, support is layered at $95.70 and $92.80, both within the channel base.

The structure resembles a controlled flag rather than a reversal. RSI is holding above 55, keeping momentum constructive.

Trade idea: Buy on a pullback toward $95.70, target $99.60, stop below $92.80.