Commodity and Index Divergence: Gold Surges, Equities Hesitate

XAGUSD Analysis:
Silver Pulls Back From $33.52 – Bearish Divergence in Focus

Silver rejected from $33.52 and heads toward $31.83 support. Bearish RSI divergence signals slowing momentum despite bullish Supertrend.

XAG/USD (Silver) faced a strong rejection at the $33.52 resistance, confirming it as a critical supply zone. After a sharp rally, price is now pulling back toward the $31.83 support level, where demand may stabilize price action. Despite the correction, price remains within the bullish Supertrend (green) zone, suggesting short-term upward bias holds unless $31.36 is broken. However, a bearish divergence on the RSI—with price forming higher highs while RSI declines—signals waning momentum and raises the risk of a deeper correction.

XAUUSD Analysis:
Gold Breaks Above $3,338 – Bullish Trend Stays Strong

Gold pushes through $3,338 with Supertrend support intact. RSI at 72.54 remains overbought. $3,167 is key for trend continuation or pullback.

XAU/USD (Gold) maintains a powerful uptrend, breaking through previous consolidation zones and reaching $3,338. The structure is defined by higher highs and higher lows, with the bullish Supertrend continuing to support the move. Immediate support rests at $3,167, while a key demand zone between $3,081–$3,087 offers deeper support. The RSI is overbought at 72.54, but shows no signs of momentum loss, though a minor pullback for mean reversion could develop. As long as price holds above $3,167, the bullish trend remains intact.

S&P 500 Futures Analysis:
S&P 500 Futures Stall Below 5,535 – Momentum Still Unclear

S&P 500 futures consolidate below 5,535 resistance. RSI at 50 shows indecision. Break above 5,400 needed to confirm bullish intent.

S&P 500 futures remain range-bound, struggling to regain momentum after a recent pullback. The 5,535 resistanceremains untested, with price action trapped below mid-range consolidation. While the Supertrend has flipped bullish, the RSI hovering around 50 reflects a lack of conviction from either side. A break above 5,400 with strong volumemay signal a return of bullish momentum, but a drop below 5,228 could trigger renewed selling pressure toward the 4,831 support level.

Nasdaq 100 Futures Analysis:
Nasdaq 100 Futures Hover Near 18,536 – Bearish Bias Lingers

Nasdaq stalls at 18,536 resistance. RSI at 47.01 shows weak momentum. Breakout above 18,976 needed to shift trend back to bullish.

Nasdaq 100 futures continue to trade sideways following a volatile breakdown earlier in April. Price is currently stuck near the 18,536 resistance level, failing to achieve a decisive breakout. Support at 18,089 is key, with a deeper demand zone between 17,945 and 17,059, which has historically triggered strong buying interest. The RSI sits at 47.01, reflecting weak momentum. Unless bulls reclaim control with a break above 18,976, the bias remains tilted to the downside.