Long

Gold

would

<p>Gold and silver have entered another critical period after both metals struggled to hold recent gains. <a href="https://captainaltcoin.com/gold-price-prediction-veteran-analyst-warns-not-taking-this-chart-seriously-will-be-your-biggest-financial-mistake/" rel="noopener noreferrer nofollow">Gold remains close</a> to an important support area, and silver continues to face pressure below a major resistance level. Those charts have prompted market strategist Gareth Soloway to warn that the current correction may not be over.</p>
<p>Gareth Soloway, Chief Market Strategist at Verified Investing, explained on his YouTube channel that he still believes both precious metals have bright long term prospects. His focus, however, remains on what the charts are saying today. His analysis points to lower prices before a more durable bottom can develop.</p>
<h2 class="wp-block-heading" id="gareth-soloway-says-gold-price-has-not-finished-its-correction">Gareth Soloway Says Gold Price Has Not Finished Its Correction</h2>
<p>Gareth Soloway believes the gold price is showing a technical pattern that often appears <a href="https://captainaltcoin.com/i-dont-want-to-buy-gold-here-analyst-warns-gold-price-has-further-to-fall/" rel="noopener noreferrer nofollow">before another leg lower</a>.</p>
<p>He explained that gold has repeatedly bounced from the same support level over recent months. Every rebound has become weaker than the previous one. Gareth Soloway described this as the “bouncy ball pattern.”</p>
<h3 class="wp-block-heading" id="why-gareth-soloway-uses-the-bouncy-ball-pattern">Why Gareth Soloway Uses the “Bouncy Ball” Pattern</h3>
<p>He compared the gold price to a ball dropped onto the ground.</p>
<p>The first bounce is usually the strongest. Every bounce afterward loses energy until the ball eventually stops bouncing.</p>
<p>Gareth Soloway believes gold is behaving in much the same way.</p>
<p>He explained that repeated tests of the same support level usually weaken that support. Earlier rebounds produced strong rallies, but recent recoveries have become much smaller. That pattern increases the probability that support eventually gives way.</p>
<h3 class="wp-block-heading" id="gareth-soloway-says-traders-should-think-in-probabilities">Gareth Soloway Says Traders Should Think in Probabilities</h3>
<p>Another point Gareth Soloway stressed is that technical analysis is based on probabilities, not certainty.</p>
<p>His preferred scenario remains a move lower, but he reminded viewers that every chart pattern can fail.</p>
<p>He explained that good technical analysts always prepare for both outcomes.</p>
<p>Gold could still surprise the market if buyers regain control. Gareth Soloway said that a confirmed move above roughly $4,250 would invalidate much of the current bearish structure. That breakout would also improve the chances of another advance toward previous record highs.</p>
<h3 class="wp-block-heading" id="gareth-soloway-explains-why-3-500-to-3-600-matters">Gareth Soloway Explains Why $3,500 to $3,600 Matters</h3>
<p>Gareth Soloway expects the gold price to move toward the $3,500 to $3,600 region if the current support fails.</p>
<p>He also acknowledged that gold could briefly fall below $3,500 before finally establishing a stronger bottom.</p>
<p>Several technical factors support that view. He explained that the area acted as major resistance before gold finally broke higher. Markets often revisit previous breakout zones before continuing their broader trend.</p>
<p>Gareth Soloway compared this process to a child leaving home before returning for a visit. Markets often return to their former breakout area before continuing higher.</p>
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<h3 class="wp-block-heading" id="fibonacci-analysis-supports-gareth-soloway-s-gold-target">Fibonacci Analysis Supports Gareth Soloway’s Gold Target</h3>
<p>Gareth Soloway also pointed to Fibonacci retracement levels.</p>
<p>He explained that the zone between the 50% and 61.8% retracement levels overlaps closely with his preferred buying area.</p>
<p>When several technical signals point to the same region, Gareth Soloway believes the probability of finding meaningful support becomes much stronger.</p>
<h3 class="wp-block-heading" id="gareth-soloway-plans-to-buy-gold-gradually">Gareth Soloway Plans To Buy Gold Gradually</h3>
<p>Instead of waiting for one exact entry price, Gareth Soloway plans to spread his purchases across the entire buying zone.</p>
<p>His strategy includes:</p>
<ul>
 <li>Buying a small position near $3,600.</li>
 <li>Adding more if gold continues lower.</li>
 <li>Increasing exposure around $3,400.</li>
 <li>Continuing to accumulate if gold reaches about $3,200.</li>
</ul>
<p>He described this as a “shotgun” strategy because it avoids relying on one perfect entry price. The method also allows him to participate even if the market never reaches the lowest target.</p>
<h3 class="wp-block-heading" id="gareth-soloway-still-sees-strong-long-term-potential-for-gold">Gareth Soloway Still Sees Strong Long Term Potential for Gold</h3>
<p>Although Gareth Soloway expects more weakness over the short term, he made it clear that his long term outlook remains bullish.</p>
<p>He said he continues to hold long term gold positions and believes the broader bull market remains intact.</p>
<p>Gareth Soloway also repeated his view that gold could eventually reach around $10,000 per ounce over the coming years. He believes the current correction would simply become another healthy pullback within that larger trend.</p>
<h2 class="wp-block-heading" id="gareth-soloway-says-silver-still-has-room-to-fall">Gareth Soloway Says Silver Still Has Room To Fall</h2>
<p>Silver also caught Gareth Soloway’s attention because its chart appears slightly weaker than gold.</p>
<p>He explained that silver has already completed the breakdown that gold may still be approaching.</p>
<h3 class="wp-block-heading" id="gareth-soloway-says-old-support-has-become-new-resistance">Gareth Soloway Says Old Support Has Become New Resistance</h3>
<p>One of Gareth Soloway’s main observations is <a href="https://captainaltcoin.com/silver-price-recovers-as-weaker-dollar-boosts-precious-metals-demand/" rel="noopener noreferrer nofollow">that silver</a> broke below an important support level.</p>
<p>Once that happened, the former support began acting as resistance.</p>
<p>He explained that this is a common technical pattern. Markets frequently struggle to move back above former support after a confirmed breakdown.</p>
<p>That tells Gareth Soloway that sellers still hold the advantage over the short term.</p>
<h3 class="wp-block-heading" id="gareth-soloway-identifies-the-silver-price-levels-that-matter-most">Gareth Soloway Identifies the Silver Price Levels That Matter Most</h3>
<p>Several price levels stand out in Gareth Soloway’s analysis.</p>
<ul>
 <li>Short term support sits near $56.</li>
 <li>Another support level appears around $54.</li>
 <li>His preferred buying zone begins near $50.</li>
 <li>Silver could briefly fall toward $46 before finding stronger support.</li>
</ul>
<p>Gareth Soloway explained that he would gradually build both swing trade positions and longer term holdings throughout that lower range instead of trying to predict the exact bottom.</p>
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<h3 class="wp-block-heading" id="gareth-soloway-says-charts-matter-more-than-market-stories">Gareth Soloway Says Charts Matter More Than Market Stories</h3>
<p>Gareth Soloway also used silver to explain a broader lesson about investing.</p>
<p>He reminded viewers that many bullish narratives surrounded silver near its highs. Many expected prices to continue climbing because of supply concerns and other market stories.</p>
<p>His charts pointed lower despite those narratives.</p>
<p>Silver eventually declined into the area his technical analysis anticipated.</p>
<p>Gareth Soloway said that experience reinforced his belief that chart analysis often provides a better guide than popular market narratives because <a href="https://www.investopedia.com/articles/active-trading/110714/introduction-price-action-trading-strategies.asp" rel="noopener noreferrer nofollow">price action</a> reveals where probabilities currently favor the market.</p>
<h2 class="wp-block-heading" id="current-gold-and-silver-price-analysis-also-points-to-important-support-levels">Current Gold And Silver Price Analysis Also Points to Important Support Levels</h2>
<p>Away from Gareth Soloway’s analysis, the latest price action also highlights several important technical levels that traders may continue monitoring.</p>
<p>Gold currently trades around <strong>$4,100</strong>. The metal remains just above a major support area near <strong>$3,930</strong>, which buyers have defended several times during the recent correction.</p>
<p>A confirmed move below <strong>$3,930</strong> could expose the next major downside target near <strong>$3,410</strong>. That level represents the next important support zone on the current chart and would place the gold price much closer to Gareth Soloway’s broader accumulation range.</p>
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  XAGUSD Price Chart / TradingView.com
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</figure>
<p>Silver also remains under technical pressure. The silver price currently trades just below an important resistance level around <strong>$63</strong>. Buyers would need to reclaim that area before the recent bearish structure begins to weaken.</p>
<p>Another rejection near $63 could keep sellers in control. If bearish momentum continues, the next major weekly downside target sits around <strong>$48</strong>.</p>
<h2 class="wp-block-heading" id="faqs">FAQs</h2>
<div class="wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-82dc26f3 uagb-faq-icon-row-reverse uagb-faq-layout-accordion uagb-faq-expand-first-false uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height uagb-faq__wrap uagb-buttons-layout-wrap">
 <div class="wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-2970d97a ">
  <div class="uagb-faq-questions-button uagb-faq-questions"><span></span><span></span><span><strong>Is Xag real silver?</strong></span>
  </div>
  <div class="uagb-faq-content">
   <p><em><strong>Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency</strong>. Silver prices are widely followed in financial markets around the world.</em></p>
  </div>
 </div>
 <div class="wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-50b37f5f ">
  <div class="uagb-faq-questions-button uagb-faq-questions"><span></span><span></span><span><strong>Can gold reach $10,000?</strong></span>
  </div>
  <div class="uagb-faq-content">
   <p><em>Yes, prominent analysts and financial institutions suggest gold could reach $10,000 per ounce by 2030, with some projecting this milestone could occur between 2028 and the end of the decade. However, reaching this target would require significant global economic shifts.</em></p>
  </div>
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<p>The post <a href="https://captainaltcoin.com/gold-and-silver-price-forecast-popular-analyst-says-buy-the-panic-at-3600-and-50/" rel="noopener noreferrer nofollow">Gold and Silver Price Forecast: Popular Analyst Says Buy the Panic at $3,600 and $50</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Gold and Silver Price Forecast: Popular Analyst Says Buy the Panic at $3,600 and $50

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