Gold and Silver Analysis: Short-Term Pressure Builds Ahead of Powell Speech

Gold consolidating after Tuesday’s drop while awaiting Jerome Powell comments; failed to break above the 50-day SMA at $4,800; support $4,400-$4,500; potential drop toward the 200-day SMA at $4,270 if support breaks; RSI remains below the midline and continues to decline Perigon signal context: impact mixed, driver market specific.