Gold (XAUUSD) & Silver Price Forecast: Technical Signals Show Pause Before Next Move

Market Overview

Gold and silver prices slipped on Tuesday, marking one of their sharpest daily declines in years as investors took profits following a record-breaking rally. Gold’s recent surge, nearly 60% higher in 2025, has been powered by expectations of US rate cuts, persistent safe-haven demand, and strong central bank buying amid global economic uncertainty.

Markets Turn Focus to Fed

With the September CPI report already released, showing inflation at 3% year-on-year, traders have shifted their attention to the upcoming Federal Reserve policy meeting.

According to CME FedWatch, there’s an 80% probability of a 25-basis-point rate cut next week, reinforcing the view that the central bank will pivot toward a more accommodative stance.

“Gold dips were being bought as recently as yesterday, but the sharp jump in volatility at the highs is flashing caution,” said Tai Wong, an independent metals trader. “The market may need to consolidate before any new leg higher.”

Silver Follows the Trend

Silver tracked gold’s pullback, pressured by softer industrial demand and risk rebalancing. Analysts at Metals Focus noted that silver’s dual role — as both a safe-haven and industrial asset — may help cushion the downside once speculative selling fades.

Short-Term Forecast

Gold is consolidating near $4,080, with potential upside toward $4,270 if momentum strengthens. Silver trades around $48.30, steady above key support at $47.50, suggesting near-term stability ahead of the Fed’s decision.

Gold Prices Forecast: Technical Analysis

Gold (XAU/USD) is trading near $4,080, consolidating below its 50-EMA ($4,134) after retreating from the recent $4,378 high. The metal remains in a short-term corrective phase within a broader uptrend that began in early October. The 4-hour chart shows gold struggling to break back above the midline of a rising channel it exited last week.

Momentum remains subdued, with RSI hovering near 43, reflecting neutral-to-bearish sentiment. A sustained close above $4,163 could revive bullish momentum toward $4,270 and $4,378, while a drop below $3,953 risks extending losses to $3,835. Overall, gold is stabilizing but needs a confirmed breakout to regain its upward trajectory.

Silver (XAG/USD) Price Forecast: Technical Outlook

Silver (XAG/USD) is trading near $48.30, holding just above its 200-EMA ($47.30) after a sharp pullback from October’s high at $54.51. The metal is testing a key trendline support that has guided its uptrend since September. The 50-EMA ($49.69) continues to act as short-term resistance, keeping momentum capped for now.

The RSI near 40 shows weakening momentum, suggesting consolidation rather than renewed selling. A rebound above $49.10 could open the door to $50.40, while a close below $47.50 risks a slide toward $45.85. Overall, silver is at a critical support juncture where bullish defense will determine whether the broader uptrend remains intact.