Gold price forecast, silver targets, and the crude oil trade that just paid off. Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, breaks down why the gold washout likely isn't finished, where his real accumulation zone sits, and the silver structure that called this drop weeks ago.
In this video, Gareth walks through the gold support line that has held again and again, and why repeated hits in quick succession are weakening it (the bouncy ball pattern). He lays out his $3,500 to $3,600 bottoming zone using pivot highs, the breakout retest logic, and a 50% to .618 Fibonacci confluence, then shows exactly where he is spraying accumulation orders between $3,200 and $3,600 using the shotgun effect.
On silver, Gareth covers the support-to-resistance flip, the confirmation candle, and his swing trade and long-term accumulation levels at $54, $50, and $46. He revisits the topping tail that called the top while everyone chased narratives about paper versus physical and China. Finally, a quick look at crude oil after the 10% two-day rally off the gap fill.
This is institutional-grade technical analysis in plain English. Learn to trade the probabilities and become the casino, not the gambler.
Video Length: 00:12:59
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