As mentioned, gold is presenting a falling wedge pattern on the 1-hour chart, with key support in the $4820–$4850 range.
👉 From this support level, gold achieved a strong 1.5% rally (approximately 6,500 points), but failed to reclaim the $5000 range.
👉 After invalidating the $4780 level, two consecutive 2-hour candle closes confirmed the breakdown.
👉 From the second support level we mentioned at $4500 range, gold achieved an explosive 5% unlevered rally, advancing toward the $4750 range—a swing of almost 25,000+ points 🔥
Current Price Action (Gold)
👉 Gold is now retesting the previous wick range.
👉 A strong bounce from the $4250 level could push gold back to the $4700 range.
👉 However, if $4200 is lost and closes below it, the market would turn bearish:
First downside target: $3850 range If failed → Next major range: $3200
💡 The $3200 range would be the best accumulation area for short-term trading, potentially offering 50%–100% swings.
Silver Outlook
Similarly, silver is showing a similar structure.
👉 Silver is retesting the previous wick range.
👉 A strong bounce from the $64 level could push price toward the $80 range.
👉 However, if $62 is lost and closes below it, it will turn bearish:
First downside target: $49 range If failed → Next major range: $35
💡 The $35 range would be the best accumulation area for short-term to mid-term trading, potentially offering 100%–150% swings.
#黄金与# Silver Market Update
As mentioned, gold is presenting a falling wedge pattern on the 1-hour chart, with key support in the $4820–$4850 range.
👉 From this support level, gold achieved a strong 1.5% rally (approximately 6,500 points), but failed to reclaim the $5000 range.
👉 After invalidating the $4780 level, two consecutive 2-hour candle closes confirmed the breakdown.
👉 From the second support level we mentioned at $4500 range, gold achieved an explosive 5% unlevered rally, advancing toward the $4750 range—a swing of almost 25,000+ points 🔥
Current Price Action (Gold)
👉 Gold is now retesting the previous wick range.
👉 A strong bounce from the $4250 level could push gold back to the $4700 range.
👉 However, if $4200 is lost and closes below it, the market would turn bearish:
First downside target: $3850 range
If failed → Next major range: $3200
💡 The $3200 range would be the best accumulation area for short-term trading, potentially offering 50%–100% swings.
Silver Outlook
Similarly, silver is showing a similar structure.
👉 Silver is retesting the previous wick range.
👉 A strong bounce from the $64 level could push price toward the $80 range.
👉 However, if $62 is lost and closes below it, it will turn bearish:
First downside target: $49 range
If failed → Next major range: $35
💡 The $35 range would be the best accumulation area for short-term to mid-term trading, potentially offering 100%–150% swings.