Iron 15-minute chart shows RSI Overbought and KDJ Death Cross

Based on the 15-minute chart for Iron, the Relative Strength Index (RSI) has reached an overbought level, while the KDJ indicator has recently formed a death cross at 09:29:30 on September 29, 2025. This suggests that the stock price has experienced a rapid increase, potentially exceeding its fundamental value support. Consequently, the momentum of the stock price is shifting towards the downside, and there is a potential for further decreases in the near future.

Gold and silver prices continued their upward trend on Thursday, September 29, 2025, as investors awaited the release of personal consumption expenditures (PCE) data, the Federal Reserve's preferred inflation gauge. The U.S. dollar's weakness provided a supportive environment for both precious metals, with gold futures finishing slightly higher and silver reaching a 14-year high.

Gold futures for September delivery ended at $3,736.90 per ounce, up 0.1% from the previous close, marking the third-highest settlement value in history. The price increase was driven by significant inflows into gold exchange-traded funds (ETFs), which totaled $10.5 billion in September alone Gold inches up while surging silver adds to 14-year highs^[1]. This has lifted year-to-date (YTD) flows to ETFs to approximately $50 billion, making ETFs the single most important contributor to the gold price rally Gold inches up while surging silver adds to 14-year highs^[1].

Silver, on the other hand, saw a more substantial gain, finishing at $44.697 per ounce, up 2.1% from the previous close. This is the best settlement value for silver since May 2, 2011. The silver rally has been fueled by strong safe-haven demand and a robust inverse relationship with the U.S. dollar Gold inches up while surging silver adds to 14-year highs^[1]. Commonwealth Bank of Australia's Vivek Dhar noted that risks are tilted to the upside due to potential downside risks to the U.S. dollar and stronger structural safe-haven demand for silver Gold inches up while surging silver adds to 14-year highs^[1].

The job market also played a role in influencing precious metal prices. Weekly U.S. jobless claims fell to 218,000, down from 232,000 the previous week, easing concerns about the job market and curbing the appeal of safe-haven gold Gold inches up while surging silver adds to 14-year highs^[1]. However, Zaner Metals senior metals strategist Peter Grant warned that a hotter-than-expected PCE reading could boost the dollar and temporarily weigh on gold prices Gold inches up while surging silver adds to 14-year highs^[1].

Investors should remain cautious, as the momentum in both gold and silver prices suggests a potential shift towards the downside. The Relative Strength Index (RSI) for iron has reached an overbought level, and the KDJ indicator has formed a death cross, indicating a potential reversal in stock prices .