Gold And Silver Technical Analysis Forecasting Precious Metals 1

Finance-focused technical outlook (precious metals)

Macro / market driver

• 10-year bond yield is cited as the main cause of weakness in precious metals.
  • Yield up: ~9 basis points on the day, around 5.28%.
  • The speaker claims ~5.28% is the highest since 2007.
  • Technicals are described as suggesting a potential yield pullback.

Core logic

• Higher yields can reduce demand for gold and silver because bonds become more competitive.
• Even if yields stall or fall, the speaker warns a technical breakout in gold could still push further downside due to bearish sentiment and follow-through.

Key short-term price moves

• Gold: fell almost 4% (day described).
• Silver: fell more than 5% (day described).
• Both are described as having broken a major trend line / structural support.

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Technical levels & explicit trading / accumulation recommendations

Gold (XAU)

Near-term structure

• The selloff is described as a “nasty flush.”
• A rising trend line/support was broken, increasing the risk of a lower retest.

Downside targets (“scene of the crime” / reversion zone)

• Double-bottom zone just above ~3900
  • Expected as a test; “almost guaranteed” if the breakout continues.
• Possible deeper decline range: ~3800 down to 3500.
• A prior referenced level: ~3500
  • Framed as where the speaker would consider buying physical gold.

Swing-trade detail

• The speaker says they took a small long position during the flush.
• A noted minor support for the swing trade: just above ~4100.
• If that breaks, they expect a move toward ~3700 and potentially ~3500.

Long-term view

• Still long-term bullish, with a forecast of ~13,000 by 2029–2031.
• The speaker mentions their average physical gold cost basis < $2,000/oz.
• They would increase holdings at much higher levels (example cited around $3,500), citing long-term fiat/financial-stability concerns.

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Silver (XAG)

• Silver is described as having the same type of structural breakout as gold (trend line broken; parallel trend line).

Accumulation / entry plan (initial positioning rather than fully physical)

• At $55: “start biting” (begin taking positions).
• At $50: framed as a likely return zone aligned with prior structural levels, referencing:
  • 1980 high
  • 2007 high
  • 2011

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Platinum (XPT) and Palladium (XPD)

Platinum (XPT)

• Expected to break through key support.
• Buying level starts at ~1500.

Palladium (XPD)

• Already broke key support with a bearish flag and is moving lower.
• Interested buyer zone: below ~$1150, down to ~$1100 (and “a little below”).

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Methodology / framework mentioned (technical-analysis based)

• Technical analysis and pattern logic including:
  • Breakout/breakdown of rising trend lines.
  • Double top logic on the 10-year yield:
    • A high plus secondary high = rejection; expects eventual return toward prior levels.
  • “Scene of the crime” / reversion:
    • After a breakout, price may revisit the prior broken level/support before forming a new high.
  • Cycle framing:
    • “Shorter bull and bear market cycles,” with an expectation of higher gold highs over longer horizons.

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Key numeric targets & timelines (explicit)

10-year yield

• Around 5.28% (highest since 2007); +9 bps day move.
• A yield pullback is expected, but the speaker cautions yields may not return to 1–2%.

Gold targets

• ~3900 (double-bottom test zone)
• ~3800–3500 (potential deeper retest)
• ~4100 (noted swing-trade support area)
• Long-term: ~13,000 by 2029–2031

Silver targets

• $55 (first “bite” level)
• $50 (deeper structural/reversion level)

Platinum

• Buy start: ~$1500

Palladium

• Buy zone: < $1150 down to ~$1100

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Risk cautions / conditional statements

• Even if yields fall:
  • The speaker remains concerned gold could still decline further due to broken technical levels and possible bearish positioning/institutional breakout-point retesting.
• Physical accumulation plan:
  • Would buy physical gold at levels like ~$3,500 if “down enough,” rather than necessarily at current prices.

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Disclosures / disclaimers

• No explicit “not financial advice” disclaimer is shown in the provided subtitles.
• The speaker describes personal actions, including:
  • A small gold long position
  • Intentions to accumulate physical metals

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Assets / tickers mentioned

• 10-year bond yield (benchmark; not a ticker)
• Gold (XAU) (implied for the gold price levels discussed)
• Silver (XAG) (implied for the silver price levels discussed)
• Platinum (XPT)
• Palladium (XPD)

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Presenter / source

• Gareth Nightingale — Chief Market Strategist, Verified Investing (verifyinginvesting.com)
• Source referenced: Verified Investing, including mention of “Gareth’s Top Squad” premium channel