Chart the Market (25/07/2025)

XAUUSD, H4: 

Gold prices have retreated from their recent peak of $3,438.84, posting a near 2% decline over the past two sessions and signaling a shift toward bearish momentum. The metal is now hovering around the $3,363 mark—coinciding with the critical 61.8% Fibonacci retracement level. A sustained break below this level could serve as a strong bearish confirmation for further downside.

Technical indicators are aligning with the bearish outlook. The Relative Strength Index (RSI) has slipped below the midpoint, indicating weakening buying momentum. Meanwhile, the MACD is edging closer to the zero line, with a potential bearish crossover looming. A move below the zero threshold would likely reinforce selling pressure in the near term.

Resistance Levels:3390.50, 3443.50

Support Levels: 3343.35, 3300.00

XAGUSD,  H4

Silver rallied to $39.46—its highest level since September 2011—underscoring strong bullish momentum in the precious metal. However, the rally now appears to be losing steam as technical indicators point to potential profit-taking ahead.

A bearish divergence is forming on the MACD, with the indicator charting a lower high even as silver notched a new peak, signaling waning upward momentum. Meanwhile, the RSI has retreated from overbought territory, further suggesting that buying pressure is easing. These signals raise the possibility of a technical pullback in the near term, as traders reassess positions following the sharp rally.

Resistance Levels: 39.45, 41.15

Support Levels: 37.00, 35.55