Gold and Silver Latest Market Analysis Gold Market Analysis: On April 21, recent gold price movements have shown a highly regular pattern. Influenced by negative weekend news, the market opened lower on Monday and declined sharply, falling nearly 100 points, closely mirroring the drop seen the previous Monday. This is consistent with typical market consolidation phases. After the rapid decline, prices did not continue to weaken but instead rebounded from the lows. The key support level at 4745 was only briefly tested, and the session ultimately closed firmly above this support, with the daily chart forming a long lower shadow candlestick, indicating a clear stabilization signal. Based on recent cyclical patterns, this type of sharp decline followed by a quick rebound after a low opening has essentially established this week's interim low. The probability of another significant downturn is low, and traders can look for swing opportunities on pullbacks to support. For the short term, the key level to watch is 4810. If prices can sustain above this level, upward momentum is likely to continue, pushing the market higher. From a short-term chart perspective, after finding solid support at 4745, prices staged a strong rally before entering a narrow consolidation range, closely resembling the pattern from the previous Monday. According to the market's fluctuation rhythm, the key support levels at 4785 and 4775 were tested multiple times on Monday, each triggering a bounce, demonstrating their effectiveness. The focus now is on whether prices can break above the day's high. A successful break would first test the resistance at 4830, where initial contact is likely to result in consolidation. A firm breakout above this level could push prices toward the 4900 area. This week, particular attention should be paid to news developments on Wednesday, as this timing often triggers market volatility. The overall trading strategy suggested is to primarily look for long positions on dips to support.

Silver Market Analysis Silver continues to maintain a pattern of oscillating upward movement. The core trend support below is near 79, while the main resistance above is at 81. As long as prices hold above the 79 support and successfully break through the 81 resistance, a rapid upward move toward the previous highs of 82-83 is expected. Additionally, short-term technical indicators for silver show signs of stabilization and improvement, suggesting a bias toward a corrective rebound. Traders can consider buying opportunities around support levels.