Razan Hilal says gold and silver are trying to rebound, but the move is still cautious and heavily dependent on what the Fed signals at Kevin Warsh’s first FOMC meeting and whether inflation, oil, and geopolitics keep pressure on rates and risk premia. She lays out clear upside and downside Fibonacci levels for both metals, but repeatedly stresses that confirmation is still needed before treating the rebound as a durable trend.
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Razan Hilal, a market analyst with Forex.com, frames the video as a technical and macro watchpoint for precious metals on June 17, 2026. Her core thesis is that gold and silver are in a cautious bullish rebound, but the next meaningful move depends on the Federal Reserve tone, inflation remaining elevated near 4.2%, and whether geopolitical risk from the US-Iran situation and oil-market shock keeps a premium in place. She presents the setup as a market at an inflection point rather than a confirmed breakout. For gold, she says the rebound from the 4,020 low is positive but still constrained by resistance around 4,370, which she describes as former support and a Fibonacci retracement area. Above that, she maps upside toward 4,470 and 4,590, then possibly 4,600 and eventually prior swing highs near 4,780 and 4,900. …
Near term, the metals rebound can work only if gold holds above 4,280 and silver above 71.30; a hawkish Fed surprise or stronger real-rate fears would likely trigger a pullback instead of continuation.
Over the next several weeks, the base case is a choppy but constructive precious-metals tape with upside contingent on clearing gold’s 4,370-4,470 band and silver’s 77 area; failure there keeps both markets range-bound with downside retests possible.
Structurally, she is arguing that precious metals remain in a broader bull cycle, with inflation, geopolitical risk, and policy uncertainty preserving demand for hard assets. The long-run question is whether the current rebound becomes a renewed secular advance or merely another corrective rally inside a larger top.
A sustained hold below $4,280 support on gold could target a gap fill to the $4,230-$4,220 zone, with further downside to $4,150, $4,080, and $4,020.
The speaker identifies a gap opened by the US-Iran peace deal news and maps sequential support levels below it.
Silver's sustained hold above $71.30 (61.8% Fibonacci) should extend gains toward $73.70 and $77.00 for a potential pullback risk.
The speaker applies the same Fibonacci retracement logic to silver's daily chart over the June 2026 highs and lows.
Gold's sustainable hold above the $4,370 resistance (61.8% Fibonacci) will likely target the next Fibonacci levels near $4,470 (78.6%) and $4,590 (100%).
The speaker cites the Fibonacci retracement levels of the downtrend from May 29 to the June lows as technical targets.
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