Gold/Silver: Looking to Buy the Dip? Here are the levels to Watch

Silver has been a market that everyone has been talking about. How is it possible for Gold to trade north of $3000 and Silver not to be at $40 or $50 by now? Rather than writing a fundamental article discussing “why” precious metals are doing what they are doing, I find it equally important to analyze the technical chart patterns where proper recognition can help make trading decisions more straightforward. Technical analysis is both an art and a science. The key is recognizing these patterns while implementing a trading strategy on what you believe will happen next. Staying ahead of the markets has never been easier. 

One of the first steps in becoming a master of the charts is to identify the trend. You probably know the classic adage: the trend is your friend, and there are dangers to fighting the trend. Gold futures began this latest leg higher in December 2023 after decisively breaking out over $2000, anticipating steadily declining global growth, sticky inflation, and a Federal Reserve on policy hold until further clarity is known.

When analyzing the daily Gold chart, two things come to mind. First, Gold has maintained its upper and lower channel boundaries for over a year. It becomes essential to recognize this pattern to help understand where Gold can go. Secondly, one must realize that there are areas of consolidation where support and resistance may form. Often, these areas become the optimal places for adding and reducing positions for risk management. I have identified four key levels for possible positioning in the above chart.

Read the Full Article with our Charts: https://bluelinefutures.com/2025/03/21/gold-silver-looking-to-buy-the-dip-here-are-the-levels-to-watch/

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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.