Bybit & FXStreet Report: Gold Poised for a Price Break

Bybit and FXStreet have released their latest TradFi report, highlighting gold’s enduring appeal as investors prepare for major macroeconomic events. After reaching a record high of $3,500 earlier this year, gold is currently consolidating near $3,365. The report reveals that since May 20th, trading has remained within the support range of $3,274 and resistance of $3,443. A neutral market momentum, reflected by a daily RSI of 50 and flat MACD, suggests potential for a decisive price movement as inflation data, tariff deadlines, and central bank policy decisions approach. 2025’s economic outlook looks uncertain. The August 12 inflation report, tariff deadlines, and the September 17 Federal Reserve decision could spark sharp price fluctuations. Weakening labor data and trade tensions add to market caution. While gold is consolidating, silver remains strong at $40 with potential for a retest of its all-time high of $50. 2025’s economic outlook looks uncertain. The report highlights that both metals are positioned for significant price movements in the coming weeks.