Share your thoughtsWhat's on your mind?
$ExxonMobil(XOM.US)
Another defensive hedge designed to buffer my portfolio, XOM makes up the energy (specific to oil) component with Gold and Silver as the precious metals select.
Also taking a hit after the peace deal firmed up and oil prices turned south, however, XOM has formed a three wave pullback from its peak and has been hovering above its daily 200MA for a few days.
@Bridge Buzz SG
$Gold.com(GOLD.US)
🏆Weekly Gold (XAUUSD) & Precious Metals Take a Sharp Hit – What’s Driving the Drop?
Gold spot (XAU/USD) just tumbled 3.29% to $4,327.885, hitting a fresh 1 week low and locking in its first weekly decline in recent weeks. Silver, platinum and palladium are also deep in the red, with silver touching its lowest level in 1.75 months.
Now all pressured by a resurgent US dollar and shifting Fed expectations.
The trigger came from the latest US jobs data.
The US economy added 172,000 jobs last month, beating market estimates.
Stronger hiring fuels bets that the Federal Reserve will keep policy tight. The current markets now price a 72% chance of a rate hike as soon as December.
Higher interest rates and rising global bond yields make non‑yielding precious metals less attractive, while the US Dollar Index surged to its own 1.75‑month high, further weighing on metals priced in USD.
🔷Looking at the charts:
🟢On the 4‑hour timeframe, gold has broken firmly below its Bollinger Bands lower band, with RSI near oversold territory at ~29, showing extreme short‑term selling pressure.
🟢On the daily chart, the metal has fallen well below its 20‑period moving average, confirming the shift from its earlier uptrend into a sharp pullback.
For now, Fed policy and dollar strength remain the main drivers. Any further hot inflation or jobs data could extend losses, while softer numbers may offer a temporary bounce.
🔷Next Week: Key Economic Data to Watch
Wednesday: U.S. CPI Inflation Report & FOMC Economic Projections
Thursday: U.S. PPI
Friday: Preliminary U.S. Consumer Sentiment
🔷 The Verdict
Strong Bearish bias. The complete technical breakdown and macroeconomic paradigm shift favor aggressive selling on any minor relief bounce. Bulls are completely out of options unless they can magically reclaim $4,450.
Not financial advice. Practice strict risk management. Do your DD😌.
Last couple of weeks I am asked multiple times on my thesis on $GLD & $SLV So here are my thoughts..
Both charts took a heavy hit after their recent peaks. The technical structure still tells me this is a healthy consolidation phase where the price is building a base and digesting those previous vertical moves.I spoke about this before. Central banks are accumulating physical gold at record levels. That kind of institutional buying creates a massive floor under the price which is what we see on the technicals as well.Silver has an entirely separate and more aggressive catalyst. We are seeing a multi year supply deficit driven by industrial demand from solar, EVs, and data centers(AI play). The gold to silver ratio recently compressed to the 55 level. This confirms silver is being bid as a hard industrial asset.The fundamentals and the technicals are perfectly aligned for a continuation higher IMHO. The current price action is just a base building phase before the next leg up.I will not be surprised if $GLD & $LSV go back above ATH's. It's a matter of when, not IF.This is how I look at $GLD, $SLV, and other commodities in this environment.
The underlying buyers are entirely different now. Gold isn't just trading on inflation headlines. Central banks are buying physical gold at a historic pace. A quick Gemini search told me they're averaging 60 tonnes a month to dump paper reserves.Silver is a hardware infrastructure story. AI data centers and solar grids require immense physical components, and $SLV is the most conductive element available. Because 70% of silver is a byproduct of mining copper ($CPER) or zinc, supply is completely rigid. Producers cannot just spin up operations to meet this tech demand spike.Watch how these hard assets test key technical support on the charts. The accumulation is there, the supply constraint is there, and the trend is very constructive. Follow the momentum.Step aside Gold... it's Silver's time to shine $SLV
$iShares Silver Tr(SLV.US) Took partial profits last night when silver skyrocketed about 7% amidst profit taking and fresh waves of inflation concerns. As expected, US inflation rises to 3.8%, higher than expectations and silver is pulling back a little. Shared in my portfolio health check previously that I was going to do some swing trades on Silver and so far so good! Going to continue to hold some for the long term though. @Bridge Buzz SG
