Price crash💥: Gold fell 8.7% to $4,932; Silver plunged 31% to $80.70 in historic selloff
Technicals: RSI oversold at 28.8 (Gold) and 22.5 (Silver); MACD bearish after parabolic break.
Market Status:
Gold $XAU /USD) retreated 8.7% from record highs near $5,600 to test the $4,932 support level, marking its sharpest one-day drop in over a decade.
Silver $XAG /USD) suffered a historic 31.4% crash, plunging from $121 to a low of $78.50, its worst session since 1980.
The Federal Reserve held interest rates steady in early 2026, pausing the rate-cut cycle due to persistent inflation data.
Trading Strategy📊:
Gold immediate support is established at $4,932 and $4,850, while resistance has shifted to the $5,153 and $5,235 levels.
Silver key support levels are identified at $80.70 and $78.50, with heavy psychological resistance now at the $100 mark.
The initial selling momentum may be exhausted.
Risk Warning⚠️
Extreme volatility is expected to persist as the market digests the "Venezuela Shock" and the transition in Federal Reserve leadership.
High-leverage traders face significant liquidation risks; maintaining low leverage and monitoring the 102.50 DXY level is critical for risk management.
