Gareth Soloway argues that gold and silver are near-term bearish despite the longer-term bull market, with gold likely headed toward 3,800–3,900 and silver toward 60–64 or even sub-$50 by year-end unless key resistance breaks. He sees platinum and palladium as tactical buy-the-dip setups at lower pivot zones, and says oil remains a short on rallies with 115 as his preferred upside fade level.
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Gareth Soloway opens by framing the video around gold, silver, platinum, palladium, and oil. His core message is time-frame dependent: near term, gold and silver are weakening as stocks roll over, but long term he still sees a bigger bullish trend in gold supported by central bank buying, government debt, and physical-asset demand. On gold, he notes that the intraday move reversed from about 4,770 to 4,685 and says that price action is less important than the larger technical structure. He argues gold is inside a bigger parallel channel and that the most important upside level is 5,000. If gold cannot reclaim that zone, he thinks the path of least resistance is lower, with a downside target around 3,800–3,900 based on pivot and channel support. He distinguishes between a tactical swing-trade buy around 3,900 and a longer-term accumulation zone around 3,500 or below. …
Near term, he is tactically bearish gold and silver unless they can reclaim key resistance, while oil is a sell on strength into the 115 area. Platinum and palladium are not immediate buys yet; they need lower support tests first.
Over the next few weeks to months, he expects gold to stay corrective inside a larger bull market, with 3,900 as a tradeable support zone and 3,500 as the preferred longer-term accumulation area. Silver likely lags unless it breaks out above 92–93, while crude remains headline-sensitive and prone to sharp reversals.
Structurally, he thinks hard assets remain in a secular bull market, especially gold, because debt expansion and central-bank demand support higher nominal prices over time. The long-run regime view is that physical assets should outperform fiat-based claims even if the path is volatile.
Gold and silver weakened when the stock market turned down, suggesting they may fall further if equities keep pulling back.
He ties intraday precious-metal weakness to stock-market weakness and infers downside risk from that correlation.
Gold is inside a larger parallel channel, so the current intraday move is less important than the broader chart structure.
He explicitly dismisses the day’s move as noise relative to the larger technical framework.
Gold’s key upside trigger is around 5,000; if that level is attacked and broken, it could resume higher.
He identifies 5,000 as the major threshold for a bullish breakout case.
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