PRECIOUS METALS | Structural Bull Case Intact Despite Speculative Unwind
The longer-term structural case for precious metals remains intact, even after the sharp pullback from record highs. Gold and silver retreated following President Trump’s nomination of Kevin Warsh as Fed Chair, which reduced expectations for aggressive monetary easing and triggered a speculative unwind.
Current price levels are now sitting just above zones typically associated with pure uncertainty hedging, suggesting that much of the speculative excess has already been flushed out. While this leaves metals vulnerable to positioning-driven pullbacks if macro sentiment turns decisively risk-off, the broader structural backdrop still allows room for a modest near-term recovery.
Technical Outlook
Price is currently consolidating between 80.13 and 85.40, awaiting a directional break.
A 15min or 1H candle close below 80.13 would confirm bearish continuation toward 76.89, followed by 71.38 and potentially 66.70.
On the upside, a break and hold above 85.40 would support a recovery toward 87.81, with further upside toward 91.00.
Key Levels
• Pivot: 80.13
• Support: 76.89 – 71.38 – 66.70
• Resistance: 85.40 – 87.81 – 91.00
The longer-term structural case for precious metals remains intact, even after the sharp pullback from record highs. Gold and silver retreated following President Trump’s nomination of Kevin Warsh as Fed Chair, which reduced expectations for aggressive monetary easing and triggered a speculative unwind.
Current price levels are now sitting just above zones typically associated with pure uncertainty hedging, suggesting that much of the speculative excess has already been flushed out. While this leaves metals vulnerable to positioning-driven pullbacks if macro sentiment turns decisively risk-off, the broader structural backdrop still allows room for a modest near-term recovery.
Technical Outlook
Price is currently consolidating between 80.13 and 85.40, awaiting a directional break.
A 15min or 1H candle close below 80.13 would confirm bearish continuation toward 76.89, followed by 71.38 and potentially 66.70.
On the upside, a break and hold above 85.40 would support a recovery toward 87.81, with further upside toward 91.00.
Key Levels
• Pivot: 80.13
• Support: 76.89 – 71.38 – 66.70
• Resistance: 85.40 – 87.81 – 91.00
Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
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Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน