2026-01-04 04:20:29

Last week, gold and silver experienced a clear pre-holiday correction trend. Silver, after a sharp surge earlier, encountered a steep decline of about 20%, while gold showed normal high-selling and low-buying capital flow. Gold temporarily retreated to around 4270 but rebounded again after dropping to $4300. This adjustment was mainly due to margin adjustments by Chicago traders, representing a short-term cooling but not changing the technical support situation.

From a technical perspective, the two attempts by gold to test 4300 and the two rebounds to 4400 this week are part of a structural adjustment after a major decline. More notably, a typical head and shoulders bottom pattern has already formed at the bottom. Once it stabilizes above 4400, the bullish momentum is expected to erupt again, with upper targets at 4500 and 4550. However, if it cannot hold firmly above 4400, it may fall into a low-range oscillation.

Looking ahead to next week, the current price closed around 4330. If there are no unexpected news impacts, the market is likely to rise directly. However, it is important to note that if a sudden event breaks the existing head and shoulders bottom pattern, gold could cool down to around 4200, which warrants cautious attention.

Regarding silver, after the previous sharp rise and fall, market sentiment has become more rational. Currently, silver has rebounded after multiple adjustments to 70.5, and next week is expected to fluctuate upward within the range of 70.5-76. Considering silver's industrial demand and market outlook remain optimistic, the main trend remains unchanged. Once it stabilizes above 76, the bullish volume space will further open.

Reference suggestions: Buy at 4310-4315 for gold, stop loss at 4298, targets at 4400 and 4420; buy at 71-71.5 for silver, stop loss at 70, targets at 74 and 75.

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SatsStacking

· 01-05 19:12

Head and shoulders bottom again? Every time a technical pattern appears, I feel the signals are full, but in the end, the market teaches me a lesson. It's the same old story of margin adjustments, really getting on my nerves. I watched silver plummet 20% in that wave and missed the opportunity. Now I realize I entered too late. Whether 4400 can hold is the key; don't keep messing around repeatedly. If the upward space for gold opens up this time, it can indeed be seen, but I still prefer to wait for a pullback before going long.

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GasFeeDodger

· 01-05 13:08

Head and shoulders bottom is back again. This set of rhetoric is making my ears numb... Can 4400 really hold? --- Silver has gone from a surge to a plunge, and my heart is riding a roller coaster too. Now let me take it slow... --- Those guys in Chicago are at it again with margin guarantees. It’s never-ending. --- Closing at 4330, just waiting for a direct rise next week, right? But I feel it’s not that simple. --- Another head and shoulders bottom, another bullish breakout... Just listen, but going all-in is truly the ultimate move. --- Silver at 76 needs to break through this barrier, or it will just oscillate below. --- A sudden event crashing down to 4200? That warning sounds like leaving a way out for yourself. --- Multiple rebounds to 70.5, this silver is really a bit unpredictable... But I still believe in the main trend. --- 4500, 4550? That’s a nice thought, but let’s first hold 4400. --- Good outlook, but we still need the market to give a clear signal. Right now, it’s just a consolidation phase.

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ForkItAllDay

· 01-04 04:50

The head and shoulders bottom pattern is back again. Every time, they say it will break out, but what’s the result? It still depends on whether 4400 can really hold. Otherwise, it’s just the old trick of a false breakout.

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GateUser-a5fa8bd0

· 01-04 04:39

If the head and shoulders bottom truly stabilizes above 4400, that would be great. But those folks in Chicago always like to cause trouble, so let's just wait and see.

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BakedCatFanboy

· 01-04 04:33

Head and shoulders bottom is back again. If we can hold steady at 4400 this time, that would be great. Silver's 20% drop was really shocking. Luckily, things are more rational now. Entering long at 4310 requires caution; I'm worried about unexpected events causing disruptions. Silver at 76 is a critical level that must be maintained. CME is adjusting margin requirements again? This trick is always the same. Will there be a direct rise next week? I don't believe it, haha.

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GmGmNoGn

· 01-04 04:24

Head and shoulders bottom is back. Can it break 4400 this time? The decline last week was a bit scary. That 20% drop in silver was really brutal. Do we still need to wait for a rebound? Entering at 4310 feels a bit timid. I prefer to see if it can directly break through 4400. Margin adjustment operations are really hard for retail investors to defend against. Is 76 the critical point for silver? It feels like it always gets stuck here. No more trusting the news; let's just look at the technical patterns and follow them.

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rekt_but_not_broke

· 01-04 04:22

Head and shoulders bottom is back again. How many times has this trick been used... But the 4400 threshold must be held, or else it will truly oscillate until the end of time.

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