Gold's 5% rally in the first 30 hours of the trading week, and touching the important round level of $3500, was followed by a steep fall to $3260 in the next 30 hours. After that, the price stabilised at $3340, close to the highs of the previous week.
Signs of a ‘head and shoulders’ pattern are forming on the charts. In case of a new decline under $3300, we may witness the acceleration of profit-taking. It may be a selloff after a dizzying rally, with the potential to go below $3000, mirroring early April’s growth. The long-term technical picture points to continued overheating and elevated correction potential.
An alternative medium-term scenario is that the massive decline has already cleared the way for a new wave of gains. The news on tariffs and geopolitical tensions has enough power to override the entire technical picture.
Silver is moving asynchronously to gold. It has almost managed to climb out of the hole it fell into in early April. This return to the highs of October 2024 and March 2025 is of great significance. From around this area near $34, we also saw a reversal in 2012, after which the price lost 60% in the following three years.
作者：Alexander Kuptsikevich，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()