Gold is currently trading at $5,190 after a sharp dip that helped cool down overbought conditions. This pullback was healthy for the market, allowing price to stabilize before moving higher again. During the early Asian session, Gold showed renewed strength and started to rise. Gold Chart (Source TradingView) At the moment, Gold is respecting its current upward trendline. As long as the price remains above this trendline, the overall short-term outlook stays bullish. The next major target is the $5,247 resistance level , where Gold previously faced strong rejection. A successful move toward this level is possible if buying momentum continues. Technical indicators are also supporting the bullish view. The MACD shows decreasing selling pressure, which suggests that bears are losing control. At the same time, the RSI remains in a positive zone, indicating steady momentum in favor of buyers. If Gold manages to break above $5,225 , it could make another strong attempt to break the $...
Silver is currently trading near $88 , maintaining bullish momentum after successfully breaking above the important $85 resistance level highlighted in the previous analysis. Silver Chart (Source TradingView) This breakout has strengthened the short-term bullish structure and shifted market sentiment in favor of buyers. $90 – The Major Resistance Zone The next critical level for Silver is the $90 resistance zone . This area is acting as a strong psychological and technical barrier. A decisive breakout above $90 with strong volume could confirm continuation of the uptrend and potentially open the door for a smooth rally toward the $100+ level . However, without a confirmed breakout, price may consolidate below $90 before making the next major move. Technical Indicators Support Bullish Momentum From a technical perspective, the chart structure looks healthy. The MACD indicator is currently positive, indicating ongoing bullish momentum. As long as momentum indicators remain sup...