Retracement Support

Spot Gold is edging lower while holding above a major retracement support zone, leaving traders focused on whether XAU/USD can form a secondary higher bottom. Technical resistance remains heavy below the 52-week moving average, while elevated oil prices keep inflation and December Fed risk on the market’s radar.

Silver is edging higher after buyers defended a key retracement zone and the 50-day moving average. The broader trend remains down, leaving traders focused on the Fed decision, inflation pressure and whether XAGUSD can reclaim higher resistance.