Daily Oil, Gold, Silver Technical Analysis | April 07, 2025

From fxdailyreport.com

Gold prices fell sharply last week and now has a chance to continue the downward movement toward $3,000 level. It is a normal bearish correction as long as the price maintain new higher low. On the lower side, there is potential for bearish movement toward $2,950. Traders could use the moment to enter long positions when the bearish correction has been completed. Support: $3,000, $2,981, $2,900, $2,800 Resistance: $3,100 chart Silver prices breakout from the bullish channel and fall toward $29.00 – $30.00 area. The price might stall inside the area and attempt to bounce from it. If the price could bounce upward, ... (full story)