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Gold, Silver, Crude Oil Outlook: Technical Analysis, Market Positioning
Precious metals and energy markets remain in the spotlight this week as traders weigh futures positioning, technical setups, and macro headwinds. Gold continues to struggle for momentum despite support from central bank demand, while silver shows signs of waning futures market conviction. Crude oil remains pressured by rising short bets, with the $60 handle once again in view. Price action on gold’s weekly chart has remained choppy since May, with prices failing to retest the record high set in April. (For clarity, I’m using adjusted futures contracts for long-term charts, whereas unadjusted contracts show a ... (full story)