Strong Gold, Rebounding Indices, Mixed Silver

Strong Gold, Rebounding Indices, Mixed Silver

XAUUSD – Gold Analysis

Gold Holds Above $3,300 – Bulls Target $3,400 Breakout

Gold remains bullish above $3,300. Pullback from $3,357.99 shows profit-taking. RSI >70 may signal a pause, but $3,400 is in sight if momentum holds.

XAU/USD (Gold) maintains its strong bullish structure, with price currently holding above the $3,300 level after a steep rally. The pullback from $3,357.99 suggests profit-taking, but price remains well-supported above $3,167.86 and $3,087.36. The Supertrend remains bullish, while RSI is overbought (above 70), indicating a possible consolidation before a renewed push higher. If momentum persists, a breakout above $3,357.99 could open the path toward the psychological $3,400 level. For deeper pullbacks, $3,081 and $3,000–$2,960 remain key demand zones.

NDQ – Nasdaq 100 Index

Nasdaq 100 Struggles Below 18,830 – Rebound Lacks Strength

Nasdaq 100 bounces from 16,800 but stalls below 18,830. RSI near 45 shows weak momentum. Bears may retest 17,200 if resistance holds.

Nasdaq 100 (NDQ) has attempted a modest rebound after dipping near 16,800, now trading just above the Supertrend support. Despite the recovery, momentum remains weak, with the RSI hovering between 44 and 47, indicating neutral bias. For a bullish reversal, price must reclaim the 18,830.51 resistance. Until then, upside remains limited, and if bears regain control, the 17,200 zone and green Supertrend support could be tested once again.

SPX – S&P 500 Index

S&P 500 Holds at 5,282 – Bulls Eye 5,436 Breakout

S&P 500 rebounds to 5,282 but faces resistance at 5,436. RSI remains neutral. Bulls must hold 5,005 to keep recovery structure intact.

S&P 500 (SPX) has bounced back from its recent decline, now holding at 5,282.69. However, price is stalling below the red resistance zone at 5,436.87, where the last breakdown occurred. The RSI remains neutral, reflecting market indecision. To maintain the short-term recovery, bulls must protect the 5,005.07 support. A daily close above 5,436.87 would confirm a bullish continuation and re-establish the broader uptrend structure.

XAGUSD – Silver Analysis

Silver Consolidates Below $33.52 – Bulls Eye Breakout

Silver trades at $32.56 under $33.52 resistance. RSI near 60 and green Supertrend hint at bullish bias. $30.83–$31.36 remains key support zone.

XAG/USD (Silver) has rebounded from April’s sharp drop and is now consolidating below the $33.521 resistance, with current price around $32.557. The Supertrend has turned bullish, and RSI near 60 suggests mild upward momentum. As long as price holds above $31.362 and $30.831, bulls remain in control. A breakout above $33.521 could fuel a move toward the $35.00 target, while failure to hold above $31.80–$32.00 may trigger a pullback toward the $30.00 zone.