Gold is moving in a very sensitive area today, and analysts are divided on its next direction. The Federal Reserve is the main driver, with an 87% probability of cutting interest rates at the upcoming meeting, which naturally supports demand for gold. I saw prices rise from $4,211 yesterday to $4,193 today, and the movement is a bit slow, but the overall trend remains upward.

The exciting thing is that silver broke new record levels, reaching $61, the best annual performance since 1979! This strongly indicates high demand for precious metals in general. Platinum and palladium are also rising, meaning the entire market is in a bullish mood.

However, there are complications; Kevin Hasset's statements suggested the Fed might cut more than 25 basis points, and Trump is talking about adjustments to tariffs. This political pressure on monetary policy creates uncertainty.

From a technical perspective, gold has maintained the upward trend line from October, but indicators show hesitation. The key level is 4205 – if it holds above, the path is open for 4240 and 4270. But if broken, there is support at 4170 and 4151, and breaking below them could mean a deeper decline.

Gold analyst forecasts today tend to be cautious – waiting for the Fed's decision is the smartest option right now. The market is in a consolidation phase before a decisive move, and traders are watching carefully.