After hitting a record high of $4,377 per ounce, gold saw a sharp 5% pullback overnight, now stabilizing between $4,050ā$4,100 ā a key support zone closely watched by traders.
Silver mirrored the move, sliding from $54.55 to $48.78, finding major support near $48 and resistance around $51.50.
Market sentiment is now split:
š¹ Bullish analysts call this a healthy retracement, arguing that inflation worries, central bank accumulation, and the prospect of rate cuts could push gold higher again.
š¹ Bearish traders warn of trend exhaustion, pointing to volatility spikes and profit-taking after an extended rally.
Meanwhile, attention is shifting toward Bitcoin ($BTC ) and Ethereum ($ETH ) ā both of which could attract fresh inflows if traditional assets like gold cool off.
As macro uncertainty grows, traders face a crucial question:
š Is this a ābuy-the-dipā moment ā or the start of a deeper correction across markets?
