Gold and Silver Outlook: Bearish Reversals Signal Further Downside | Metals Mine

  • Gold and Silver Outlook: Bearish Reversals Signal Further Downside

    From forex.com

    Gold and silver prices are turning lower after bearish reversal patterns emerged across both metals, with fading safe-haven demand and a firmer US dollar weighing on prices. Gold’s failed breakout above 4900 has shifted focus towards key support levels, while silver is showing similar technical weakness. Positioning is also softening, reinforcing a bearish near-term bias. Any short-term bounce may provide opportunities for sellers to re-enter if resistance holds. My mid-April view that gold’s rally was running out of steam proved on point, with the metal topping out on April 17. Prices were already tracking ... (full story)

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HarpexMars
May 4, 2026 11:14pm
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30yr over 5% yield ? 10yr over 4,4% ?
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AnneKeller
May 4, 2026 9:22pm
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The rejection above 4900 already said a lot. Since then it just feels like momentum faded and buyers aren’t really stepping in anymore. I’d still wait for a bounce before looking short though.
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