Metals Retreat Ahead of NY Session as Traders Assess Bull Flag Breakdowns

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2026-05-16 08:04:02

BTCCSquare news:

Gold and silver faced pre-market pressure as traders awaited confirmation of whether the declines would hold during active U.S. hours. Gold's bull flag pattern showed vulnerability after falling below the $4,561 support level, erasing its earlier technical advantage. The metal now hovers near critical support at $4,381, with resistance looming at $5,092.

Silver demonstrated relative strength despite its 5.69% drop, maintaining position above key trendlines. The $78.67 level becomes pivotal, with upside targets at $88.20 and $94.57 if buyers re-emerge. Market participants remain cautious, noting that early moves often reverse when liquidity improves during New York trading hours.

By:

Log in to Reply

Uranium ETFs Test Support as U.S. Supply Gap Returns to Focus

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.