Jul. 11 at 10:56 PM
https://youtube.com/watch?v=L0jVCq5sJfs&is=GCZQTf0QmX1U_XO3
$GLD $GDX $B $NEM
Gold is currently trapped in a converging wedge pattern. Soloway views the potential breakout or breakdown as a short-term volatility event, with a strong long-term outlook leading to all-time highs. He identifies a significant buying zone between
$3,500 and
$3,600, which aligns with a 50% Fibonacci retrace.
• Silver (6:40 - 10:44): Silver is in a consolidation phase and appears to be heading toward a "retrace to the scene of the crime" near the
$50 level. Soloway suggests a shotgun accumulation approach (dollar-cost averaging) in that range rather than attempting to pick an exact bottom.