The video analyzes the gold and silver markets, stating that gold has bearish signals and advises selling below $1900 with resistance at $1910 to $1915. Silver is seen as having resistance at $22, and the recommendation is to sell at $2160 with support around $2120 to $2140. The video encourages trading with stop losses and also promotes the speaker’s mentorship program for profitable trading.

Gold and Silver Analysis: Bearishness Looms as Precious Metals Struggle to Break Resistance Levels

Introduction:

Gold and silver prices failed to break the crucial resistance levels, signalling a slight bearish sentiment in the market. In this article, we will analyse the movement of gold and silver prices using various charts and indicators and provide insights into the potential entry and exit points for traders.

Gold Analysis:

Currently, gold is trading sideways in a narrow zone, and the Bollinger Bands are getting narrower, indicating a little bearishness in the market. The moving averages are also converting, indicating a slightly bearish sentiment. We recommend selling at $1900 and below, with every $5 till $1880. The key resistance levels on the downside are at $1890 and $1780 levels, and on the upside, $1915 is the critical level to watch. If gold breaks through the $1915 resistance level, the next target is $1925, and beyond that, we may see bullishness prevailing.

Chart Analysis:

On the two-hour chart, lower highs are maintained, and flat bottom or higher lows are visible. We advise not to trade in the $1900-1910 zone, and above $1910, cautious and alert trading is recommended.

On the three-hour chart, consolidation is visible, and $1900-$1910 levels should be avoided for trading. Once it crosses $1915, we may see bullishness, and until then, traders should be cautious.

On the four-hour chart, similar observations are visible, and once the price crosses the $1915 level, traders should be watchful and alert. The macd is on the verge of a crossover, indicating a little bearishness.

On the daily chart, the resistance levels at $1940 and $1915 are crucial, and a slightly bearish sentiment is visible. If the price falls below $1900, we may see a stronger slide, and the support levels are $1895-$1880.

Silver Analysis:

Silver is struggling to break through the crucial resistance level at $22, and currently, it has reversed precisely from the same level. We recommend selling at $2160 till $2140, and below that, $2120-$2100 levels are crucial support levels.

Chart Analysis:

On the two-hour chart, the price movement is contained in a flag pattern, and if it breaks past the $22 level, it may see bullishness. The macd is bearish, and RSI is trying to look upwards.

On the three-hour chart, similar consolidation and higher highs are visible, indicating a potential breakout. The stochastic has dropped a bit, and RSI is trading in a comfortable zone.

Conclusion:

In conclusion, gold and silver prices are struggling to break through the crucial resistance levels, indicating a little bearish sentiment in the market. Traders should sell at the recommended levels and be alert and cautious while trading. The support and resistance levels are crucial, and traders should watch them carefully before entering any trades.