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GOLD & SILVER BREAKDOWN BEGINS: The Exact Price I Am Waiting to Buy 🚨

Channel: Gareth Soloway Published: 2026-03-12 13:31
Gareth Soloway

Gareth Soloway argues gold has started a bearish breakdown from a bear flag and that silver is also rolling over, with downside expected first over days/weeks and then over the next few months. He still says he remains a long-term gold holder and would view much lower levels as major buy zones.

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Detailed summary

Gareth Soloway opens by identifying himself as chief market strategist at verifiedinvesting.com and frames both gold and silver as being in corrective breakdowns after large prior runs. On gold, he says the chart has shifted from a euphoric reversal into a breakdown candle and now a bear flag, with the short-term setup pointing lower over the next couple of days and then the next one to two weeks. He cites 4,860 as an initial support/pullback pivot and says the broader bearish pattern targets 4,400–4,300 over the next one to two months. If that larger support area fails, he expects a further drop toward 3,450–3,500 by year-end, which he describes as his preferred long-term accumulation zone. …

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Main takeaways

  1. Near term, both gold and silver are presented as bearish despite their strong prior trends.
  2. Gold: initial downside support is 4,860, then a larger move toward 4,400–4,300 is expected.
  3. If gold loses the larger support zone, he sees 3,450–3,500 as the major long-term buy area.
  4. Silver is described as weaker than gold technically because it failed to reclaim prior highs as strongly.
  5. Silver target sequence: first a retest of 70–71, then potentially 50–54 if that breaks.
  6. He still wants to own gold long term as a hedge against fiscal irresponsibility and fiat debasement.
  7. He repeatedly distinguishes between short-term bearishness and long-term bullish accumulation.
  8. The speaker’s framework is almost entirely technical, using bear flags, retraces, and historical resistance/retest logic.

Market read by horizon

Short term

Tactically bearish on gold and silver until the current breakdown/bear-flag structure exhausts; the immediate risk is a continuation lower and a failed bounce for late buyers.

  • Gold: he says the current bear flag suggests more downside over the next few days and into the next one to two weeks.
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  • Gold: 4,860 is the first nearby support/pivot he highlights as target number one.
  • Silver: he expects a retest of the recent area around 70–71 in the near term.
Mid term

Over the next several weeks to months, the base case is continued weakness in precious metals with gold drifting toward the 4,400–4,300 area and silver retracing more deeply unless key pivots reclaim decisively.

  • Over the next one to two months, he expects gold to work lower toward 4,400–4,300.
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  • For silver, the base-case over the next couple of months is a move lower into the high-50s/around 50 if the current pattern confirms.
  • He says short-term bounces should be expected, but the larger pattern remains bearish until major support is reached.
Long term

Structurally he remains a precious-metals bull, viewing gold as a long-term hedge against currency debasement; major flushes are framed as accumulation opportunities rather than thesis breaks.

  • He remains structurally bullish on gold as a long-term hedge against fiat debasement and fiscal irresponsibility.
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  • He expects any deep flush into 3,450–3,500 on gold to be a major long-term accumulation opportunity.
  • For silver, he frames the long-term thesis around a retrace toward major historical resistance levels from 2011 and even 1980.
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Key claims (8)

0:15
BEARISH Gold

Gold has started breaking down from a bear flag formation.

He explicitly says the short-term pattern is a bear flag and that gold is starting its breakdown.

2:05
BEARISH Gold

Gold’s short-term target is 4,860 as initial support.

He identifies 4,860 as the first technical support/pivot after the breakout failure.

2:35
BEARISH Gold

Gold is likely headed toward 4,400–4,300 over the next one to two months.

He states the macro pattern points to that range as the next larger downside objective.

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Assets discussed (3)

Gold
BEARISH commodity

He says gold has started a breakdown from a bear flag and sees further downside to 4,860 first, then 4,400–4,300, and possibly 3,450–3,500 later.

Silver
BEARISH commodity

He says silver is downticking, weaker than gold technically, and likely to retest 70–71 before a larger move toward 50–54.

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Where this transcript pushes against consensus

  • The call leans heavily on chart pattern interpretation with limited independent evidence beyond the visual setup.
  • The statement that gold ‘should be skyrocketing right now’ due to geopolitical instability is asserted rather than demonstrated.
  • The path from short-term bear flag to exact multi-month downside targets is presented with high confidence despite pattern-based uncertainty.
  • Historical-retrace logic is used as a buy-zone justification, but the exact probability of a full retest is not empirically established in the video.
  • The long-term bullish thesis for gold is mixed with a near-term bearish call, which is coherent as a timeframe distinction but could confuse viewers if separated poorly.

Topics

gold technical breakdownsilver bear flagsupport and resistance levelstechnical analysislong-term precious metals hedgefiat currency debasementFOMO in commodities

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