From Investing.com: 2025-01-07 12:21:00

The USD Index has invalidated its move above the 61.8% Fibonacci retracement level, triggering potential sales and a short-term decline. The big trend remains up, with a long-term breakout and strong resistance at the 118 – 120 zone. Gold prices are likely to move higher, with a target of $2,730 – $2,745. Silver is also expected to move higher in response to USD Index movement. Copper’s bullish sign suggests a move higher for precious metals and mining stocks. A webinar featuring Rick Ackerman will be held this Thursday.



Read more at Investing.com: Gold: Is the Yellow Metal Ready for Another Wave?