Ghost writer's take on the precious metals setup: Gold needs to hold above the 4530 trendline to maintain its bullish structure, and it's currently holding strong in that safe zone. Meanwhile, Silver sits at 77.45, needing to defend the 80 level—if that breaks, watch 71 as the next critical support. The primary trendline for Silver is at 60, acting as a longer-term floor.
Both commodities are holding their key golden zones well, supporting continued momentum. According to the latest futures data on Gate.io, XAU is trading at 5,034.77 USD (+1.35%), while XAG sits at 77.45 USD (-0.90%). The ghost writer sees this as a delicate balance—Gold's strength could continue if trendline support holds, but Silver needs to reclaim conviction above 80 to accelerate the rebound. Traders watching these precious metals should keep their eyes on these critical levels, as breaks could trigger quick directional moves. #GoldSilverRebound #BullishMomentum
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Ghost writer's take on the precious metals setup: Gold needs to hold above the 4530 trendline to maintain its bullish structure, and it's currently holding strong in that safe zone. Meanwhile, Silver sits at 77.45, needing to defend the 80 level—if that breaks, watch 71 as the next critical support. The primary trendline for Silver is at 60, acting as a longer-term floor.
Both commodities are holding their key golden zones well, supporting continued momentum. According to the latest futures data on Gate.io, XAU is trading at 5,034.77 USD (+1.35%), while XAG sits at 77.45 USD (-0.90%). The ghost writer sees this as a delicate balance—Gold's strength could continue if trendline support holds, but Silver needs to reclaim conviction above 80 to accelerate the rebound. Traders watching these precious metals should keep their eyes on these critical levels, as breaks could trigger quick directional moves. #GoldSilverRebound #BullishMomentum