Gold Prices Stay Bearish as Traders Eye Key Technical Levels

Gold and silver prices are under pressure, with gold hovering around $4,022 and remaining below a descending trendline that suggests a continued bearish structure. Technical analysis highlights a critical sell zone between $4,065 and $4,078, and a potential breakdown below $4,015 could push prices toward $3,984 or lower.

Market dynamics are being influenced by non‑ferrous metals such as copper and zinc, whose recent rallies have helped support precious‑metal prices. Meanwhile, prediction‑market platform Kalshi is seeking regulator approval to expand perpetual futures contracts into metals, foreign exchange and energy, a move echoed by Meta’s plan to launch its own prediction‑market app. Critics warn that these leveraged contracts pose significant risks to retail investors, and CME’s former CEO has called the rollout a "disaster waiting to happen."