Gold prices surged recently as disappointing US employment data heightened uncertainty and fueled demand for safe-haven assets. The softer-than-expected payroll numbers increased concerns about the health of the US economy, prompting traders and investors to seek refuge in gold. This renewed buying interest pushed gold higher, reinforcing its status as a key defensive asset during periods of market turbulence.

Technically, gold is testing critical levels with conflicting signals on momentum. While buyers drove prices up following the weak jobs report, the market now faces resistance zones that could cap further gains. If gold remains above its immediate support levels, additional rallies could materialize, but a decisive move is needed to confirm a new trend. A failure to sustain these gains could result in further consolidation or even a pullback, especially if economic data stabilizes or the US dollar strengthens.

Silver, meanwhile, experienced a different reaction, correcting lower after reaching strong resistance. However, the metal found stability around its 50-day exponential moving average—an important technical support that traders are closely monitoring. The $35 level is seen as a critical floor for silver; if it holds, the metal could see a rebound. A break above $37.50 would be a bullish signal suggesting a move toward the $40 level, while a drop below $35 could lead to more significant losses.

Overall, both gold and silver are navigating a complex backdrop shaped by economic uncertainty, technical boundaries, and shifting investor sentiment. For now, the direction in precious metals will likely hinge on upcoming economic releases, the next moves by the Federal Reserve, and ongoing trends in the US dollar. Traders should watch these key support and resistance levels for signs of momentum and potential breakout opportunities.