Gold Pullback or the $BTC Start of a New Bullish $ETH Phase? š°
After reaching a record high of $BNB $4,377 per ounce, gold prices experienced a sharp 5% correction overnight, currently stabilizing between $4,050ā$4,100, a crucial support zone for traders.
Meanwhile, silver followed suit ā dropping from $54.55 to $48.78, with major support near $48 and resistance around $51.50.
Market sentiment remains divided.
š¹ Bullish analysts view this as a healthy retracement, suggesting gold could soon resume its upward trajectory, backed by inflation concerns, central bank buying, and expectations of rate cuts.
š¹ Bearish voices, however, warn of potential trend exhaustion, citing volatility spikes and investor profit-taking after an extended rally.
As markets weigh macroeconomic cues, investors now face the critical question:
š Is this a ābuy-the-dipā opportunity ā or the beginning of a deeper correction?
#APRBinanceTGE Gold #MarketPullback #BitcoinETFNetInflows Silver #PAXG #Trading #Crypto #MarketUpdate #InvestSmart #Binance #Commodities