Technical Analysis: Path ahead for Gold, Silver and Oil

by Miad Kasrav of SpeculatorsTrading.com

Gold

With targets that lean towards the conservative side, gold is gearing up for a significant ascent as recessionary clouds gather, particularly from 2026 onward. As the Federal Reserve wraps up its rate-cutting spree, gold’s allure will shine brighter, driven by inflationary pressures and geopolitical turmoil. The climb will be accentuated by the aftermath of rate cuts, creating a perfect storm for this precious metal.

Silver

Silver is feeling the heat, with upward pressure mounting. Targets are tantalizingly close, and if the stars align before 2027, we could witness a parabolic surge. Silver prices are rising due to robust industrial demand, a significant supply/demand imbalance, increased investor interest amid economic and political uncertainties, and fears of stagflation. The momentum is building, as the precious metal complex is set for a large advance.

Oil

Oil is in the process of finding its footing, with a bottoming phase that could last anywhere from a week to six months. There’s no need to rush; high conviction remains that upper targets will be met. However, if prices slip below $45 on a sustained basis, we may need to reassess our outlook. Looking further ahead, a bold target of $200 looms, driven by dwindling investments in production infrastructure and rising costs.