Mainstream analysts are increasingly excited about: Despite the fact that it is technically overbought on the daily and weekly price charts. 
Most Wall Street analysts could not have predicted the current bull market. Are they wrong again now, or is gold going to continue rising in an overbought state?
Stunning weekly gold price chart. Both RSI and Stochastics are clearly overbought.
However, if fundamentals are strong, gold can continue to rise for weeks, months, or even years, even if it remains technically overbought.
Two of the big drivers for gold right now are the Chinese people and the 2021-2025 global war cycle.
Although total GDP is strong, China's retail sales are weak and the stock market and real estate are weak. Therefore, people are turning to gold and silver for security and growth.
While the Israeli and Iranian warmongers are unlikely to get out of control, there is enough animosity and action between the two countries to keep Western gold market analysts bullish.
Washington's failed war in Ukraine could become an even bigger quagmire if Congress borrows more fiat money and uses it to prolong its proxy war with the Russian government.
After that, gold is likely to start charging towards $3,000.
is collapsing against ultimate money gold And the chance of another foot down is at least as good as a technical bounce.
In past meltdowns, the dollar has not shown a technical rally after the initial crash.Falling into the abyss for months And sometimes for years! 
Short-term strategy? The gold ETF hourly price chart shows a weak H&S top, but unless the neckline (gold itself is $2,320) is broken, gold, gold, and miners are likely to continue rising. there is.rampage upside down”.
A contraction is becoming increasingly unlikely, but if it were to happen, investors could buy aggressively in the $2,200 to $2,050 zone.
While Western analysts tend to focus on stupid price targets (most of which are wrong), the East's 3 billion citizens are focused on getting more money. Conclusion:
Western gold bugs should ignore the analysts and focus on the actions of their Eastern brethren and compete with them to sell as much gold as possible.
There is no doubt that this long-term silver chart is one of the most amazing charts on the planet.
Please note the “”.LOI” (Important line). This is a slightly different way of drawing it than the classic reverse H&S neckline…
But it's even more important than the neckline, which ushered in a ferocious breakout and rally from what is one of the biggest base patterns in market history.
Rather, it predicts a price target of '.large legal profits“This beautiful chart shows a silver bug.''GMS” (Get More Silver!) theme has been enthusiastically embraced by the Chinese and Indian public.
What about the miners? Interesting GDX (NYSE:) daily chart. Note the double-dip movement in February-March 2023 and the same movement in 2024.
The technical behavior is similar, but the basic propulsion has changed. In 2023, analysts expected Fed rate hikes to slay the US inflation dragon.
Now, recent reports (including “”)super core(a figure close to 8%) suggests that inflation is much more robust than expected. And that's the type of inflation that resists rate hikes.
Gold and silver mining stocks will not plummet into October like they did in 2023, but will remain in a rebound forming the right shoulder of a large inverted H&S pattern, and then rise to $40-45 (basis GDX) There is a high possibility that it will. Wealth managers in the US and Europe are growing frustrated with stock markets, the crypto ETF-themed bull market has faltered, and are impressed by the actions of miners. Bottom line: Gold stocks are in for a good period, and more may be on the horizon.
