Gold & Silver Buyers Must Need To Hear This! New All-Time Highs for Gold & Silver? - Francis Hunt
Gold has shown impressive technical strength recently, and it’s exciting to see where it might be headed! Analyst Francis "The Market Sniper" Hunt has pinpointed a solid support level at 2,690 dollars, supported by a bullish hammer pattern and reassuringly low volatility. Just recently, gold reached a two-month high of 2,750 dollars, mainly due to increased demand as a haven in response to the tariff threats from Trump regarding China. The 2,730 dollar mark, established by a reversal head-and-shoulders pattern, now presents an essential resistance point, especially since gold had previously tested the 2,542 dollar level amidst a stronger dollar.
Looking ahead, technical analysis reveals a potential breakout from a symmetrical triangle at 2,785 dollars, with thrilling possibilities of new record highs. Hunt’s insightful analysis of the HVF pattern, viewed through a 6—to 8-hour timeframe, suggests a target of 2,893 dollars. This pattern was triggered on January 8th and achieved its first interim move by January 22nd, showcasing predictable low-volatility breakouts and steady support even during pullbacks.
However, it's essential to consider several factors that could prompt a short-term retracement in gold prices. These include rising bond yields, an appreciating dollar, shifting sentiment towards equities, gains in cryptocurrencies, and diminished geopolitical risks. Gold, being dollar-denominated and reliant on mining for supply, tends to react sensitively to dollar fluctuations, typically moving inversely.
The long-term outlook for gold is optimistic and aligned with UBS's projections, which echo Hunt’s analysis. The financial institution forecasts that gold could hit 2,900 dollars per ounce by the end of 2025, even while we may see some near-term sell-offs or sideways trading. This reinforces the view that gold will maintain its upward trajectory, with Hunt remaining firmly bullish until we reach that 2,900-dollar target.
As we continue, Hunt anticipates that gold may reach a localized high, leading to a period of stagnation similar to past market cycles. During these times, investors might want to explore other markets like energy or cryptocurrencies, as gold could face some resistance before making its next significant moves. This aligns with gold’s established reputation as a store of value, helping preserve purchasing power during inflationary times or amid evolving central bank strategies. Its limited supply distinguishes it from fiat currencies, enhancing its intrinsic value.
That said, Hunt does highlight that market conditions in March 2025 may pose challenges to risk assets, including gold. He offers a thoughtful suggestion to set time limits for investment targets, recommending profit-taking if momentum wanes before arriving at those goals.
Experts speculate that gold might range between 2,990 and 3,040 dollars per ounce by March 2025, while silver is projected to open at 32.06 dollars and fluctuate between 28.68 and 32.06 dollars. These estimates indicate that while gold's long-term value remains robust, short-term volatility could impact its immediate price movement.
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