‍#PreciousMetalsPullBack

💥 Overnight shock in the markets! Risk assets stumbled, pulling gold down $300 to $5,155/oz and silver slipping almost 8% to $108.23/oz. Dragon Fly notes that this sharp pullback isn’t just a fleeting move — it’s a reflection of rising market uncertainty and cautious positioning by institutional players.
From a technical standpoint, gold is flirting with a critical support zone around $5,150-$5,160. If this level holds, we could see a rebound as buyers step in, but a break below may trigger deeper corrections. Silver’s steep drop signals higher volatility, but historically such pullbacks often present entry points for disciplined traders.
Dragon Fly believes this dip is not panic selling but selective opportunity. Traders looking for long-term exposure might consider scaling in gradually, keeping stops tight, while short-term momentum traders should watch for signs of stabilization before committing.
💡 Key signals to watch:
Gold and silver support zones
Risk-on sentiment shifts in broader markets
Volume spikes indicating institutional activity
⚠️ Risk Warning: Metals can remain volatile during sudden market moves. Always manage your position sizing and risk — past performance doesn’t guarantee future results.
‍#PreciousMetalsPullBack