Source: TradingView
Gold remains far below its 200-day moving average near $4,531. That means the current advance is still a recovery inside a larger corrective structure.
On the downside, $4,150 is the first support.
Below that, $4,100-$4,080 becomes critical again.
RSI is around 60.5, above its signal average near 50.6. That indicates improving bullish momentum without putting gold into overbought territory yet.
So the chart gives gold room to continue higher if $4,200 finally breaks.
Read also: Gold and Silver Price Crash: Peter Schiff Says Traders Are Getting It Wrong
Silver Price Analysis
Silver is trading near $60.82 after recovering from a recent low close to $58.50.
The four-hour structure is also improving, but silver has more resistance directly overhead.
The first major test is around $61-$62.
Price spent considerable time in that area before the latest decline, so sellers could return there.
If silver clears $62, the next areas to watch are $64 and then $66.
#BTCđ„đ„đ„đ„đ„ #SolanaETFsEnd14WeekInflowStreak #bitcoin #BinanceSquareFamily
Gold remains far below its 200-day moving average near $4,531. That means the current advance is still a recovery inside a larger corrective structure.
On the downside, $4,150 is the first support.
Below that, $4,100-$4,080 becomes critical again.
RSI is around 60.5, above its signal average near 50.6. That indicates improving bullish momentum without putting gold into overbought territory yet.
So the chart gives gold room to continue higher if $4,200 finally breaks.
Read also: Gold and Silver Price Crash: Peter Schiff Says Traders Are Getting It Wrong
Silver Price Analysis
Silver is trading near $60.82 after recovering from a recent low close to $58.50.
The four-hour structure is also improving, but silver has more resistance directly overhead.
The first major test is around $61-$62.
Price spent considerable time in that area before the latest decline, so sellers could return there.
If silver clears $62, the next areas to watch are $64 and then $66.
#BTCđ„đ„đ„đ„đ„ #SolanaETFsEnd14WeekInflowStreak #bitcoin #BinanceSquareFamily