Fortinet’s stock price (FTNT) fell in latest intraday trading, trespassing the support of the 50-day SMA and exposing the stock to more negative pressure, amid negative signals from the Stochastic after reaching overbought levels, and amid the dominance of the downward correctional wave in the short term.

Therefore we expect the price to decline and target the support of $91.25, provided the psychological resistance of $100.00 holds on.

Today’s price forecast: Bearish

Natural gas futures are trading around $3.734, approaching the upper boundary of a well-defined ascending channel. The price recently pulled back from the $3.825 resistance level, a critical barrier that has capped gains in recent sessions. This level represents a key psychological zone for traders, with a potential breakout setting the stage for a move toward $3.926, followed by the significant $4.020 resistance.

On the downside, immediate support lies at $3.722, aligning closely with the lower trendline of the ascending channel. A break below this level could expose natural gas to further downside toward the $3.626 support, followed by the 50-day EMA at $3.644, which acts as a critical support for the ongoing uptrend.

Natural gas is testing the upper boundary of its ascending channel, with a break above $3.825 potentially signaling a continuation toward $3.926. However, a pullback below $3.722 could risk a deeper correction, targeting the $3.626 area.

WTI Oil Price Forecast

Silver Struggles as Risk Sentiment Weighs on Prices

Silver (XAG/USD) is trading around $32.91, facing similar pressure as traders digest the latest trade headlines. The metal remains under pressure despite geopolitical uncertainties, as a stronger dollar and rising risk appetite diminish its safe-haven appeal.

However, silver has managed to hold above the critical $32.75 support level, suggesting that buyers are still active at lower levels. According to the latest data, silver is down nearly 3% from its monthly high of $33.85, reflecting the broader shift toward riskier assets.

Focus Shifts to US Inflation and Fed Policy

Looking ahead, traders will focus on US inflation data due this week, which could provide further direction for gold and silver. The Consumer Price Index (CPI) is expected to show a 4.1% year-over-year increase, a potential sign that inflation remains sticky despite recent Fed rate hikes.

Additionally, Fed Chair Jerome Powell’s speech on Thursday will be closely watched for insights into the central bank’s outlook on future rate cuts.

Short-Term Forecast

Gold faces near-term pressure, with a break below $3,259 potentially signaling a deeper correction toward $3,211, while silver must clear $33.25 to confirm an uptrend.

Gold Prices Forecast: Technical Analysis

Despite the last weak trading of the EURJPY pair, it success to settle above the breached barrier at 193.35 level represents a main factor for confirming the domination of the bullish track, to fluctuate near 193.85, attempting to ease the way towards more of the bullish waves.

Stochastic approach from 80 level will increase the chances of gathering the positive momentum, to keep waiting for recording the target near 164.20, then repeats the attempts of pressing on the resistance near 164.90, to form the next target of the near trading.

The expected trading range for today is between 163.30 and 164.90

Trend forecast: Bullish

Platinum price succeeded to confirm surpassing the barrier at $983.00, activating the suggested bullish rally, to achieve the initial target by reaching $1002.00, the stability of the price above the breached barrier is required for taking advantage of the main indicators positivity, to attempt to record new gains by its rally towards 61.8%Fibonacci correction level at $1017.00.

The price decline below $983.00 and providing negative close will cancel the bullish suggestion, which forces the price to suffer several losses by reaching $965.00, then press on the support at $950.00.

The expected trading range for today is between $990.00 and $1017.00

Trend forecast: Bullish

• Silver price found support following news that Canadian mining company Pan American Silver plans to acquire MAG Silver Corp.
• Ongoing geopolitical tensions also underpinned the metal, as India issued a warning to Pakistan over recent ceasefire violations.
• Silver gains may be limited by a decline in safe-haven demand, driven by growing optimism around US-China trade talks.

Silver price (XAG/USD) is extending its gains for the third consecutive session, trading around $32.90 per troy ounce during Asian hours on Monday. The precious metal drew support from news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal valuing the company at approximately $2.1 billion, according to Reuters.

The acquisition grants Pan American Silver access to MAG’s 44% stake in the high-grade Juanicipio Silver mine in Mexico, operated by Fresnillo, which owns the remaining 56%. The deal, unanimously approved by both companies’ boards, is expected to close in the second half of 2025.

Geopolitical tensions, meanwhile, continue to lend support to Silver. India warned Pakistan of potential retaliation over recent ceasefire violations, a claim denied by Pakistan’s military. Separately, Ukrainian President Volodymyr Zelenskyy expressed hope for a temporary ceasefire with Russia starting Monday, May 12, but Moscow rejected the proposal, calling instead for direct talks without preconditions.

However, gains in Silver may be capped by easing safe-haven demand amid growing optimism surrounding US-China trade relations. Over the weekend, both countries concluded productive discussions, with Beijing set to launch formal negotiations and Washington citing progress toward an agreement.

Further weighing on Silver, the Federal Reserve last week flagged inflation and labor market risks, with Chair Jerome Powell ruling out a preemptive rate cut in response to tariff-related economic concerns.

• Gold price opens the week on a bearish note amid US-China trade deal optimism.
• The US Dollar holds a bullish opening gap amid a generalized risk-on market profile.
• Gold price closed Friday above 21-day SMA, then at $3,307, where next?

Gold price is licking its wounds after witnessing a steep sell-off in the opening trades, sending the bright metal to its lowest level in five days near the $3,250 level.

Gold price wilts on reduced safe-haven appeal

The latest leg down in Gold price is driven by a generalized upbeat mood as investors cheer ‘’substantial progress’ touted by the United States (US) and China following their high-stakes trade talks in Geneva over the weekend.

Increased hopes that the world’s two largest economies will finally reach a trade deal after last month’s tit-for-tat tariffs on each other almost put a halt to their foreign trade. This broader market optimism has diminished Gold’s appeal as a traditional safe haven.

However, the Gold price downside appears capped, as a US-Sino joint statement on the Geneva trade talks is eagerly anticipated for fresh trading impetus.

Additionally, Gold price continues to receive support from the ongoing geopolitical tensions between India and Pakistan and Russia-Ukraine.

“The Indian military sent a “hotline message” to Pakistan on Sunday about violations of a ceasefire agreed upon this week and informed it of New Delhi’s intent to respond if it was repeated, a top Indian army officer said, while the Pakistan military’s spokesman denied any ceasefire violations,” according to Reuters.

Meanwhile, Ukrainian President Volodymyr Zelenskyy stated that he hopes for a full and temporary ceasefire with Russia to begin on Monday, May 12. However, Moscow effectively rejected the proposal and called for direct negotiations instead without preconditions.

Looking ahead, several key factors remain, including trade and geopolitical risks, which could continue to keep Gold sellers in check.

Markets also focus on US trade talks with Japan and the European Union (EU), which remain a cause for concern, especially after the European Commission announced last week that it plans to introduce countermeasures on up to EUR95 billion ($107.2 billion) of US imports, if negotiations with Washington were to fail to eliminate tariffs applied by US President Donald Trump, per Reuters.

Earlier on, Japanese Prime Minister Shigeru Ishiba noted that “autos, agriculture, airplane parts are all separate from security matters,” while setting out some outlines on trade negotiations.

Gold price technical analysis: Daily chart

Gold price closed Friday above the 21-day Simple Moving Average (SMA), then at $3,307, keeping buyers hopeful.

However, the 14-day Relative Strength Index (RSI) appears to be on the verge of turning bearish as the leading indicator threatens the midline.

If the RSI holds the midline, a rebound toward the 21-day SMA support-turned-resistance at $3,313 will unfold. Acceptance above that level will call for a test of the falling trendline resistance at $3,433, where the intermittent resistance aligns.

A sustained move above that level will open the door toward the record high of $3,500. 

Conversely, a daily candlestick closing below the 21-day SMA at $3,313 will likely negate any bullish bias in the near term, opening up a fresh downtrend toward the 50-day SMA at $3,138.

Ahead of that, the May 1 low of $3,202 will be challenged.

• Gold price faces some selling pressure to around $3,275 in Monday’s early Asian session.
• US and China cite progress in trade talks, undermining the Gold price. 
• Persistent geopolitical and trade-related uncertainties might help limit the Gold’s losses.  

The Gold price (XAU/USD) attracts some sellers to near $3,275 during the early Asian session on Monday, pressured by a stronger US Dollar (USD). Optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower. 

The US and China reported “substantial progress” after two days of talks in Switzerland aimed at de-escalating a trade war. China’s Vice Premier He Lifeng described trade talks with US officials as “an important first step” in stabilising bilateral trade relations. Additionally, US Treasury Secretary Scott Bessent said the two sides made “substantial progress. Nonetheless, traders will keep an eye on the US-China trade talks details, which the US will share detail on Monday. 

The specific measures from the world’s two largest economies could undermine the safe-haven demand. On the the hand, trade-related uncertainties might help limit the yellow metal’s losses. “Obviously, the overall continued uncertainty in regards to tariffs remains probably the most significant underpinning behind gold,” said David Meger, director of metals trading at High Ridge Futures.

Additionally, persistent geopolitical risks could lift the Gold price even as India-Pakistan military activity tapered following reports of a ceasefire. India and Pakistan have both claimed victory after a ceasefire was declared over the weekend, which brought the two nuclear-nations back from the brink of war.  

The nearest support is a pair of 50% levels at $3166.46 and $3018.52. The major support is the 52-week moving average at $2692.05.

There is nothing really exciting about this chart pattern. Investors essentially have two choices, buy strength or buy a dip. If bullish news drives the price action then investors are likely to chase it higher.  Economic data, Fed uncertainty and a potential trade war with China are events that could cap gains and lead to a retreat into a value area like $3166.46 to $3018.52.

Fed Steady, But Policy Uncertainty Lifts Bullion

The Federal Reserve held interest rates steady as expected, but Chair Jerome Powell’s post-meeting comments left the door open for future easing. Powell flagged ongoing concerns about elevated inflation and softening labor market indicators, reinforcing the perception that the Fed lacks a clear policy path forward. Markets are now pricing in up to 75 basis points of rate cuts before year-end, with expectations concentrated around the September meeting.

That uncertainty—paired with the Fed’s refusal to commit to a timeline—reinvigorated gold’s appeal as a hedge against monetary policy indecision. Bond yields remained range-bound, offering no resistance to gold’s advance.

Dollar Eases, Boosting Foreign Demand for Gold

The U.S. dollar slipped 0.3% during key sessions last week, briefly losing ground to major currencies including the yen and euro. This helped gold become cheaper for foreign buyers and supported fresh buying from Asia, particularly from China following the end of its national holiday. Although the dollar finished the week marginally higher overall, the midweek softness provided enough of a tailwind to lift bullion from recent lows.

Trade Tensions Persist, But Tariff Tone Softens

Gold found additional support from ongoing trade uncertainty. President Trump’s comments on tariffs kept traders on edge, though notably, his proposal of an 80% tariff on Chinese imports marked a reduction from the 145% figure previously floated. The moderation helped ease fears of a sharp escalation, especially as U.S. and Chinese officials prepared to meet in Switzerland over the weekend for de-escalation talks. These developments reduced the risk of a fresh trade shock, but still preserved gold’s value as a geopolitical hedge.

The (GBPUSD) price declined in its recent intraday trading, breaking the critical support level at 0.3260, which represents a neckline for clear negative formation on the short-term basis – the triple top pattern, which reverses the previous bullish trend. This break is considered as a strong technical signal for turning the price behavior, supporting the continuation of the dominant bearish correctional wave on the price.

This negative performance comes amid the continuation of the negative pressures, with the stability of the price below EMA50, besides the emergence of the negative signals on the (RSI), despite its stability below 0.3260, to target the support at 1.3160.