Welcome to another deep dive! In today’s video, Chief Market Strategist Gareth Soloway breaks down the current state of precious metals, explaining exactly why gold, silver, platinum, and palladium have stopped responding to the risk-on trade. If you're a bull getting frustrated by the recent sideways chop, it's time to step back, take the emotion out of it, and look at the charts.
Using pure technical analysis and proven chart patterns, I reveal why the near-term outlook points to lower prices—and why that is exactly what patient traders should be hoping for. We pinpoint the critical support zones for Gold, mapping out a potential drop to the 3900 or even 3500 range before a massive launch to new all-time highs by 2027. As long as the Federal Reserve eventually pivots and the money printer turns back on, the long-term thesis remains incredibly strong.
We also review Silver's recent rejection at key resistance, and I share the specific target zone I am patiently waiting for to deploy capital. Finally, we cover Platinum and Palladium, identifying the "scene of the crime" support levels where the next big flush will present incredible opportunities. Remember, trading isn't about FOMO; it's about waiting for the chart to come to your levels, keeping a high-performance mindset, and consistently hitting singles and doubles.
Video Length: 00:10:59
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