Silver finally tested the 103 level target, and the weekly chart is moving a bit too quickly, showing signs of a slight acceleration. This could easily trigger profit-taking by institutions, leading to a single bearish candle correction similar to late December last year, with a sudden drop of 7–10 points. Therefore, in the upcoming upward wave, we should not rush; be patient and wait for a bearish candle on the daily chart, then consider adjusting at the 5-day and 10-day moving averages. The price will repeatedly test below 100!

Then, gold is very likely to surge past 5000 or break through inertia next Monday, but it will also correct afterward because the RSI is already at 93–94. Next Monday, a pullback to 4900–4880 should stabilize, then continue upward with a bullish trend. On the daily chart, it’s best to see a bearish candle for correction before further rallying. Our strategy remains to keep gold and silver mainly heading north, occasionally testing key resistance levels briefly south. If luck is on our side and we catch the pullback, it could be as quick as 100 million. The volatility in the past two days has been very high. A weekly video will be released with more details. Have a great weekend everyone!

What I want to emphasize is that there is always risk at high levels next week. Everyone needs to be cautious. Of course, physical gold and stored gold don’t need to worry about short-term corrections. Sometimes, when you sell, the next buying opportunity might be at a higher level. The risk mainly concerns leveraged trading.