Gold and Silver Technical Forecast: Recent Gains at Risk as Price Action Hints at Further Downside

Gold and Silver Technical Forecast: Gold started the week in buoyant mood before finding resistance at the $1786 level just shy of the August highs resting above the $1800 handle. The precious metal has since entered a phase of consolidation as hawkish rhetoric from Federal Reserve policymakers and caution around the US dollar has capped any significant moves in either direction.

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