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Gold and Silver Outlook: Bearish Reversals Signal Further Downside
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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- May 4, 2026 6:35pm Posted byTechnical Analysis24,483
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