Is Gold setting up for a historical breakout, or one final "flush out" crash before taking off? In today's video, we are diving deep into the technical charts of the world's most critical commodities.
Join Gareth Soloway, Chief Market Strategist at verifiedinvesting.com, for a breakdown of the probabilistic outcomes for Gold, Silver, Copper, Oil, Natural Gas, and more. While Gareth remains a massive long-term bull on metals due to the ongoing fiat currency and US debt fiascos, the near-term technicals tell a very specific story. We look at the "three hits" rule on trendlines, the convergence of the 50 and 200 daily moving averages, and the exact "Game On" levels you need to watch to determine the next major move.
We also discuss why Bitcoin’s current behavior might be a preview for Gold, the breakdown pattern forming in Silver, and why we are currently short Copper (COPX).
Lastly, a quick update on our sponsor Rumble and their new pivot into AI and Cloud computing with Nvidia chips.
Video Length: 00:12:31
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