Spot Prices: Fed Bets
July 31: Gold hit $2,470, steadied near $2,455 (+0.6%). Silver surged to $35.2 (+1.8%, yearly high). Fed dove dropped dollar.
Gold Analysis
Bullish above $2,450. Res $2,480/$2,500. Geopolitics/CB buying support.
- Sup: $2,430, $2,400
- Res: $2,480, $2,500
Silver Demand
Silver hit $35.38. PV +22%, low inventories. Ratio 69.8.
Outlook
Longs/ETFs up. Watch pullbacks.
Fed Impact
Sept cut 82%. Real rates down. Buy dips.
Strategy
Ratio 69.5. Buy Gold $2,430-45; Silver $34.5.
