Gold prices maintain their recovery momentum, edging closer to the $2,650 mark amid easing U.S. Treasury yields and heightened geopolitical tensions. As investors evaluate economic signals and Federal Reserve policy outlooks, today’s analysis identifies critical support and resistance levels to guide strategic trading decisions.
Gold continues its rebound, supported by bullish technical signals and haven flows stemming from geopolitical risks. Prices have surpassed the 38.2% Fibonacci retracement level, with immediate resistance at $2,656 and higher targets at $2,681 and $2,705. On the downside, $2,600 serves as a critical support, protecting the short-term trend. The Stochastic Oscillator is at 36, and the RSI reads 46, indicating moderate recovery potential.
Silver remains steady around the $31.00 mark, with indicators suggesting room for further upward momentum. Resistance at $31.27 and $31.56 will be pivotal, with potential targets at $31.88 and $32.00 if momentum continues. Support levels at $30.60 and $30.32 provide a solid base for the current trend. The Stochastic Oscillator is at 38, and the RSI is at 45, signaling balanced conditions with room for gains.
Gold and silver markets continue to recover, with critical resistance levels shaping short-term opportunities. For gold, resistance at $2,656 and $2,681 defines the next upside targets, while silver’s steady climb past $31.00 opens the way toward $31.88 and $32.00. With technical indicators signaling balanced momentum, these levels present potential entry points for informed investors. Staying vigilant and responsive to global and economic developments will be key to leveraging opportunities in this dynamic market.