Natural gas price affected by the economic data, forming strong bullish rally yesterday, surpassing the resistance at $3.350 then recording big gains by reaching $4.060, to settle above $3.830 level, which forms a new support against the bullish trading.

Providing positive momentum by the main indicators will increase the strength of the bullish track, to expect resuming the bullish attack, to target $4.150 level reaching the next resistance near $4.280.

The expected trading range for today is between $3.900 and $4.150

Trend forecast: Bullish

Platinum price reached $1557.00 level in its last corrective decline, then rallies again to settle above the extra support level at $1605.00, but this will not confirm its readiness to activate the bullish track again, due to its fluctuation below the resistance at $1695.00.

The continuation of providing negative momentum by stochastic will increase the efficiency of the bearish corrective track, to expect reaching $1575.00 and facing extra pressure might force it to target $1525.00 level, which forms an extra support against the current trading.

The expected trading range for today is between $1575.00 and $1670.00

Trend forecast: Bearish

Gold extends its record-breaking run

Gold continues to defy gravity. Prices surged beyond $4,300, printing a fresh all-time high at $4,400, and remain elevated as traders weigh a U.S. government shutdown against the prospect of deeper Federal Reserve rate cuts.

This rally isn’t just sentiment-driven – it’s underpinned by real shifts in macro positioning. The longer the U.S. stays in fiscal limbo, the stronger the bid for havens like gold becomes. Treasury yields are easing, the dollar is softening, and global fund flows are rotating back into metals.

At the same time, institutional forecasts are rising. Several banks, including HSBC, now envision scenarios reaching $4,700–$5,000/oz by 2026. This bullish conviction is showing up in price structure itself – higher lows, expanding imbalances, and repeated demand rejections that reveal ongoing accumulation.

“Every dip is being bought; every pause becomes a platform,” one analyst noted.
Gold’s behavior mirrors that – shallow pullbacks, aggressive reclaims, and clean Fair Value Gaps tell the story.

Fundamental backdrop: Shutdown, yields and risk appetite

• U.S. Government Shutdown: The prolonged stalemate has delayed key data (like CPI and NFP), forcing traders to operate in an informational vacuum. Historically, such uncertainty boosts safe-haven flows – and gold is capitalizing on it.
• Fed Rate-Cut Bets: Markets are pricing in further easing later this year, pulling real yields lower. Each hint of dovish commentary adds fuel to the metal’s bid.
• Geopolitical Risk: From Middle-East flareups to U.S.–China tariff tension, geopolitical uncertainty continues to support defensive allocations.
• Institutional Support: Central banks remain consistent buyers. Their steady accumulation provides a long-term anchor under prices.

Together, these drivers reinforce one message: the gold bull cycle is not done.

Technical outlook: Gold poised for $4,500?

Gold’s 4H structure remains clean and bullish. After printing the $4,400 all-time high, price has pulled back modestly into a tight $4,340–$4,360 consolidation zone, resting just above two well-defined Fair Value Gaps (FVGs).

Key levels

• All-Time High: $4,400.00.
• Upper FVG (Intraday Demand): $4,344.55 – $4,362.10.
• Lower FVG (Structural Demand): $4,280.65 – $4,308.35.

These volume-weighted imbalances are telling a consistent story: buyers remain in control of delivery. Each time gold retraces into these zones, aggressive bidding emerges – proof of institutional absorption and bullish imbalance continuity.

Bullish scenario – Reaccumulation for $4,500 expansion

Price consolidates above the upper FVG ($4,344–$4,362) while respecting the $4,308 demand base. The structure shows higher lows and a compression pattern under resistance – classic signs of reaccumulation before expansion.

Trigger:

A decisive close above $4,380–$4,400 confirms a liquidity sweep and continuation phase.

Targets:

• $4,450 – minor liquidity magnet.
• $4,480–$4,500 – projected measured move/next extension.

The current imbalances act as launchpads, not exhaustion points. Volume profiles reveal sustained buy-side inefficiency – meaning supply hasn’t caught up. As long as $4,344 holds, gold remains in bullish delivery targeting $4,500.

Bearish scenario – Short-term repricing before continuation

If gold fails to defend the upper imbalance ($4,344–$4,362), the market could engineer a deeper pullback into the lower FVG ($4,280–$4,308) for liquidity mitigation.

Trigger:

A clean close below $4,344 signals a short-term correction toward the lower zone.

Targets:

• $4,308 – mid-demand retest.
• $4,280 – structural FVG fill and liquidity sweep.

Continuation Risk:

Only a decisive breakdown below $4,280 would suggest a deeper retracement to $4,240–$4,210. Otherwise, this scenario represents a liquidity grab and reload opportunity for bullish continuation back toward $4,500.

Final takeaway

Gold’s current structure is not showing exhaustion; it’s showing controlled aggression.

The story told by the charts – through price gaps, imbalances, and failed breakdowns – is one of institutional continuation.

As long as price holds above $4,280–$4,300, every pullback remains an opportunity within the broader bullish delivery cycle.

The next big psychological magnet sits at $4,500 – and unless macro sentiment shifts dramatically, the path there looks more like a question of “when,” not “if.”

The EURNZD approached by its last bullish rally from the resistance of the bullish channel by hitting 2.04840 level, forcing it to form temporary bearish correction, affected by stochastic exit from the overbought level, activating the attempts of taking the profits by reaching 2.02425.

Note that the stability of the price within the bullish channel’s levels mainly by forming extra support at 2.01850 level, make us wait for gathering bullish momentum then begin forming strong bullish waves, to target 2.04185 level re205420 resistance, which forms the main target in the current period trading.

The expected trading range for today is between 2.02245 and 2.04285

Trend forecast: Bullish

Platinum price reached $1557.00 level in its last corrective decline, then rallies again to settle above the extra support level at $1605.00, but this will not confirm its readiness to activate the bullish track again, due to its fluctuation below the resistance at $1695.00.

The continuation of providing negative momentum by stochastic will increase the efficiency of the bearish corrective track, to expect reaching $1575.00 and facing extra pressure might force it to target $1525.00 level, which forms an extra support against the current trading.

The expected trading range for today is between $1575.00 and $1670.00

Trend forecast: Bearish

Breakout Signals: Trendlines Clear

The sharp advance cleared multiple hurdles, including a breakout above a downtrend line, likely confirmed with a close above it today. A long-term uptrend line was also reclaimed, adding weight to the bullish shift following last week’s $2.89 swing low, which found footing at the rising channel’s lower boundary. These breakouts mark a clear end to the recent bearish correction, setting the stage for further gains.

Trade Setup: Next Targets and Resistance

Today’s rally past resistance zones like the downtrend line boosts the odds of a third upswing within the rising channel, triggered by a break above the $3.59 swing high. First, the 200-day moving average at $3.46—tested twice as resistance in October—looms as the next key test. A third attempt could break through, but expect some pullback before a sustained reclaim, given its prior rejections.

Risks Ahead: Pullback Clues

The extent of any pullback will shed light on the pattern’s strength. A minor dip toward $3.18 could reinforce support, but a deeper drop would question the breakout’s staying power. The weekly chart’s one-week bullish reversal, with minimal overlap into last week’s range, adds to the optimistic outlook.

Outlook: Pivot Points and Triggers

Symmetry between the current upswing and prior measured moves points to a $3.71 pivot, where advances align. For now, $3.18 support and $3.46 resistance frame the trade. A close above $3.18 locks in bullish momentum, while $3.59 is the gateway to higher targets. Watch today’s close for confirmation—buyers are back, but the 200-day line will test their resolve.

For a look at all of today’s economic events, check out our economic calendar.

Support Levels: Key Tests Ahead

The 10-day average has anchored the uptrend, and today’s low finding support there reinforces its role. A decisive drop below $51.28 signals weakness, with a break past Friday’s $50.62 low paving the way for a deeper pullback. The 20-day average at $48.77, rising and positioned above the short-term rising channel’s top, emerges as a logical next support. Only a failure there would flag a more significant correction, so watch these levels closely.

Risks Ahead: Momentum Wanes

Last week’s close in the lower half of the weekly range—after five weeks of upper-third finishes—suggests fading bullish momentum. The Relative Strength Index (RSI) dipped below 70 after a month in overbought territory, further supporting this cooling. The outside week’s aggressive selling hints at an early sentiment shift, making any rally suspect without clearing key hurdles.

Trade Setup: Upside Triggers

A push above today’s $52.78 high would signal short-term strength, but only a sustained break past $54.49 confirms renewed upside conviction. Until then, rallies face resistance, with sellers poised to counter. The prior overbought run amplifies correction risks, though the bullish structure holds for now.

Outlook: Balancing Act Near Highs

Silver’s trend remains upward if $51.28 support persists, but the RSI pullback and weekly weakness warrant caution. A close above $52.78 keeps bulls in play, while a drop below $50.62 targets $48.77. Monitor today’s close for directional cues—$54.49 is the gateway to higher prices, but a deeper breather looms if support gives way.

For a look at all of today’s economic events, check out our economic calendar.