Update On Precious Metals
I wrote a blog post on Precious Metals in June 2025, outlining their recent performance and outlook.
Click here to open Help
Posts
GOLD: If Fed On Pause Then Gold Is On Pause Too!?
As you may have noticed, gold has seen a sharp reversal in recent weeks, and many traders and investors are now wondering whether this correction will be quick and shallow or last longer.
From an Elliott Wave perspective gold seems like it may try to complete an extended wave three, and put wave four pause in play. But what can trigger a retracement?
What’s Next for Precious Metals?
So far, 2025 has been a year where Precious Metals have been very much in focus.
EDGE Chart of the Day – DXY – (February 24th, 2025)
The DXY is testing a key confluence zone at 106.35, where the descending wedge trendline support aligns with the 38.2% Fibonacci retracement of the last bullish leg. This level is pivotal in shaping the next trend direction.
EDGE Chart of the Day – Silver – (February 18th, 2025)
Silver continues to test the key $32.50 resistance level, a pivotal area that has held firm over the past couple of weeks. So far, bulls have struggled to break through, leaving two potential scenarios moving forward:
EDGE Chart of the Day – SPX500 – (February 17th, 2025)
The S&P 500 (SPX) is breaking higher once again, pushing into uncharted all-time high (ATH) territory. The next upside target stands at 6,193, which corresponds to the 127% Fibonacci extension of last year’s pullback.
EDGE Chart of the Day – USDJPY – (January 27th, 2025)
The USD/JPY is attempting to break below the ascending wedge formation today, a pattern that has been in play since late summer. This wedge has provided structural support for the pair’s upward movement, but a decisive break to the downside would signal a notable shift in market sentiment, turning the outlook bearish.
EDGE Chart of the Day – GBPUSD – (January 24th, 2025)
The GBP/USD (Cable) has been rebounding from recent lows over the past several days and is now testing the descending channel’s trendline resistance at 1.2440—a critical pivot level for the pair.
EDGE Chart of the Day – EURUSD – (January 21st, 2025)
The EUR/USD has encountered resistance at the descending channel’s trendline near 1.0425, following yesterday’s strong rebound. This channel has defined the pair’s downward trajectory since last August, underscoring its technical significance.