Gold (daily chart) halted right where it was logical to halt, at the SMA 50. Now it needs to hold the EMA 20 (1698) and the associated support, which goes back to early 2020 and is not visible on this chart. You may recall that it is not compelling support. But if gold can hold today’s pullback level it can stay in the game short-term.
Silver found resistance at 21 as its impetuous ram job upward popped above that level and immediately reversed below it. Important support to silver’s short-term case is 19.50 to 20.
