Price crashđ„: 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 Strategyđ:
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 Warningâ ïž
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.
