Gold and Silver Price Prediction: Analyst Sees More DownsideGold and silver are both selling off hard today, and one chart strategist says the drop isn’t over yet. Gareth Soloway, chief market strategist at Verified Investing, says rising tensions in the Middle East are pushing the US dollar and interest rates higher, as oil prices climb. Higher oil tends to push inflation expectations up too, which lifts rates further. That combination is putting direct pressure on both metals.
Gold dropped 1.5% on the day, while silver also took a hit.
Gold’s Chart I
GoldMining Inc.
No trades
No trades
In-depth trading ideas
GLDG Q1-Q2 Breakout and Macro AlignmentWith the current meltup in the market due to the Trump Pump and seemingly good data all insiders know that the market is overvalued and running on fumes. This exuberance and recent turn up for risk on assets, however, has caused a pullback in gold. Add to that historical post election bull run lasting approximately 90 days, timing exactly to moment of inauguration, it stands to reason that there will be a market correction in Q1 2025, causing Gold to further spike up. Combine that with the techn
GLDG 4 Year Falling Wedge, Cup Handle breakout w/ Diamond Bottom
Looking at the Monthly Chart, the falling wedge pattern becomes clear, with clean break and possible cup & handle in play.
The diamond bottom on the 4 hour is shaping up nicely. Look for a break out sometime later this year.
The bands are beginning to twist on the 4 hour, daily, and monthly. Weekly still has upward momentum.
Above the 200, trying to confirm the 200 support and it will be off to the races.
Price Target: $2 - 2:50, could go as high as $3.50
My Swing Gold Play Before BRICSTLDR: I'm bullish on GLDG and going long for a swing. Entered twice since last month to build a position before the BRICS summit later in August.
I've been following and studying gold for the past few months, and I like Goldmining Inc's (NYSE: AMEX:GLDG ) projects and vision for the industry. The company also recently had a successful Nasdaq IPO ( NASDAQ:USGO ).
There are a few reasons why I'm going for a long with GLDG:
- Gold (XAUUSD) is in a good position. 5% in the year, was ~13% at its
GOLDMINING INC (GOLD) Ready for Next Rally? (+34% Potential)Hello fellow traders,
Today we are looking at the daily timeframe for GOLDMINING INC (GOLD) on the TSX. As we can see, GOLD peaked around $3.85. It has since corrected, printing a double bottom at previous resistance, in between the 50/100 EMAs (yellow/pink).
Prices have broken and are now trading above all EMAs. The RSI has increasing fast, and the MACD has just given off a bullish cross. Additionally, we have increased volume coming in with prices moving up. All of these signals are bullish
consolidation nextI think the price will fluctuate between 3 and 4 cad dollars the next months. just boring consolidation at this point. when gold starts moving in about 2 months and finishes the year at 2100 this stock will go to 5-6 cad dollars. if gold cant manage to hold the supportline from march this stock will plunge down under 2 cad dollar. its about 60-40 in favor bull



















