Posteo
Happy_shanky
🚨 GOLD & SILVER BREAKDOWN
Gold has confirmed a head-and-shoulders setup, with the neckline breaking around $3,943 — roughly 5.2% below the current price.
If that level is reached, another ~$1.5T could potentially be wiped from the metals market.
Silver has also lost the $54.51 level, leaving another ~11% downside in focus.
Gold and silver may be viewed as defensive assets, but they still react heavily to macro conditions.
Real yields, the U.S. dollar, and Fed policy.
#DailyOrbit
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