EPIC Gold & Silver Reveal You Can't Miss! *Mind Blowing*, Plus Major Oil & Gas Technical Analysis

Hey folks, welcome to verifiedinvesting.com. My name is Gareth Soloway, Chief Market Strategist here. In today's video, we're going to dive into some very interesting developments in the precious metals market. We're going to look at oil, natural gas, even copper. We're going to take a look at what is going on here as we see really this almost quiet period in the precious metals, right? Oil, again, bouncing a little bit as, again, more missiles fired between the U.S. and Iran overnight. That becomes a normal occurrence, but generally the trend in oil has been down at least over the last month. Natural gas, is it showing a potential breakout? And we still have a bear flag on copper that signals further downside. That could mean an issue for the global economy and even the data center trade. All right, so let's get right into it here, taking a look at the gold chart. What we have here is a classic parallel, right? High pivot, high pivot, low pivot, low pivot. We connect them and we get this beautiful parallel. Then we have this inside parallel, which again, this parallel is parallel to these lines here as well, and it continues to keep price in check. As you can see today, gold is down a little bit. If we look at the last few days last week, gold was up a little bit right here and then came down. So really, amazingly, since the 15th of May, gold has almost not done a thing. Now, that's actually a technical intrigue, and I'm going to tell you why here, guys. So if we go back to the chart, I want to throw on my 50 daily moving average and my 200 daily moving average. Here's your 200 daily moving average. Now look at this. So what we see here is that when we got this secondary bigger pullback and we came to the lower end of the parallel here, it was also the daily 200 moving average. In addition, look at what we just tagged over here on this last little dip. And so essentially, the bottom of the gold trade right now is being held up by the daily 200 moving average. Now, the reason that's important is that if the daily 200 moving average gets breached, then the lower parallel here will get breached, and you'll likely see that bigger dip to the downside. Minimum downside would be a retest to 4100, this low pivot right here, but potentially even down to this lower parallel trend line, which would be a major corrective move on gold. Now, again, you'd say, okay, well, that's the lower end. What about up here? What else is up here? And I want to show you this because it is so cool. At least to me, it gets me all excited. Look at this. Here's the daily 50 moving average. And what we have here is look at how we hit the daily 50 moving average here, the daily 50 moving average here, and right here is also the daily 50 moving average. So what are we seeing here? We're seeing that you have parallels, but you're also being sandwiched between on gold, the daily 50 moving average and the 200. Now, why is that important? Well, it's important because it gives us a secondary factor when price breaks one way or the other. And keep in mind, these two trend lines, these two moving averages are getting closer and closer. Essentially, they're wedge patterning. And again, for me, and by the way, wedge patterning is a technical term. No, not really. But the essentials of this are that a wedge pattern, all right, I'm just going to draw a general wedge pattern, keeps price. It condenses price tighter and tighter and tighter until it either breaks out in a major way or breaks down in a major way, right? It's essentially sandwiching or pressurizing the price action. And you can see it sloping up and sloping down. And so what this tells me is that probably within a couple weeks, maybe less, we are going to either get a major breakout on gold or a major breakdown. Now, again, some of you will say, all right, so it'll go up or it'll go down. Look at what I'm saying here. What I'm saying is you're going to be able to tell by this chart, which way the major move is coming. Price is going to get closer and closer and closer to those two trend lines, the moving averages. When it breaks, boom, that's the trigger. All right. And what's a great example of this? Look at oil, crude oil. Take a look at this. Here was a wedge pattern. Let me get rid of the moving averages here so we don't need them on the chart here. Here was a classic wedge pattern. Look, it broke and you literally went from $98 to $99 all the way down to 86. All right. Over 10% move right there. Now you're getting a bounce today, but my guess is this is a bounce before we eventually go lower. So in other words, big moves come when you break from wedge patterns. In this case, it's not just a wedge being created by the moving averages. It's also the parallels. You have double factors that when it breaks, it should be even more explosive. Now again, in general, because gold has been moving and silver has been moving as a risk on risk off asset, I would be a little nervous that at some point the stock market, which again is at all time highs today, is going to have to have a pullback. And do we see gold then pull back or does gold go back to being a risk off play? Like what it used to be prior to the last six months essentially. We'll have to watch and see. All right. But I just thought that was so, so interesting to see that. All right. Couple other things here. Never want to make these videos too long for you guys, but what we see here is silver. Now silver, let's throw on those moving averages just out of curiosity. Now silver here. So we see the 200 moving average right down here. All right. So here's your 200 MA. So notice how this isn't really close to price. Okay. You've never actually hit it even over here. You didn't hit it, but look, look at how price is hugging the 50 moving average. But if we look at the chart pattern, is this bullish or bearish? Well, look at this. Let's get rid of the moving averages. What type of pattern is this? We've broken this upsloping trend line on silver. So down move breaks. And what type of pattern is this? All right. If you guys can be answering this right now, I'm sure some of you guys are, that's an inside bar bear flag. It insinuates price is going to drop, which kind of makes sense, right? Because if we're hugging the 50 MA, but we haven't hit the 200 yet. And the 200 moving average is down here, which is my next major support. It implies we should see a leg down on silver to about 66 to 64. At that point, that will be the big test on silver. That is cool guys. That is really, really cool stuff. All right. So again, keeping an eye on that and we'll watch and continue to monitor how that goes. I do want to quickly go to copper here. Let's go over to copper real quick. Take away the moving average for the time being. Copper is actually having a little bit of an up move today, but again, this is the concern is you have this bigger parallel, which is going to mean major resistance around 670. And we still have what we would call an inside bar pattern here, which again, generally leads to the downside. Now, listen, if copper can break this level, okay, then we're talking something different, right? That would be a breakout. It would be a negation of the bear flag pattern. But until that happens, game on, this would be a bearish inside bar, meaning probability favors the downside. The other thing to watch here is you have a very defined break point, right? So watch for this. If you want to see a trigger, right? So some people like to trade the breaks of lines here. This would be a breakup here. This would be a breakdown here. If you come down and you break here, you're probably going much, much, much, much lower on the copper price. That's fascinating folks to watch and see. All right, let's flip over. We looked at oil already here. Oil again, getting a bounce today. And again, notice, and I talked about this on Friday, if you paid attention at Verified Investing's YouTube to my weekly wrap up, I said, guys, we've had seven days down in a row. That's a time count. Again, I'm not going to talk about that more. That's in my courses. It's a discovery I made time counts a long, long time ago, but it's worked amazingly well. But the idea here, folks, is that after seven moves in one direction, oftentimes you get a reflex bounce or in this case bounce. It could be the other way if we've had seven updates. But the point is, again, we're getting the bounce today. And I do think that, again, the bounce could last a couple of days. But at this point, any sort of bounce would be major resistance right here. Now, listen, I guess that's still a big move if we went all the way up there. And we'll just have to see if it gets that far. But again, inventories globally are starting to dwindle. By the way, one of the reasons why oil hasn't gone to $150 a barrel or $200 is because that all these countries around the world that had hundreds of millions of barrels in reserve, including the U.S., they've been releasing them. But these inventories are getting lower. So there needs to be some sort of resolution sooner than later or eventually you could see a move back up. Again, I think up price will eventually either hurt the economy enough to bring it down or it will have another impact, like forcing the President Trump's hand to make some sort of deal to get the straight to four moves open. All right, natural gas real quick here, guys. Let's look at nat gas potential short term breakout. I don't love this breakout and I'll tell you why. I don't like Friday's price action where we closed at the lows of the day after popping early. And then today again, now, listen, it's very early in the day, but nat gas, you can see here the candle was all the way up here and it's already come back here. So, yes, it's up. Yes, it's above the short term resistance. But look, we have all this resistance right up here as well. So, I mean, again, it's not like you're in this huge breakout zone where natural gas can go up. Now, a lot of people will say, well, if oil is going down, you know, why doesn't natural gas? Well, look, oil has gone up a mile from where we were early in the year and natural gas has basically been at 52 week lows. One thing a lot of people think is nat gas always follows oil. They trade together. That's incorrect. There's actually usually what I've discovered, if you look historically at the charts and this is all data driven and, you know, verified investing, all about data, natural gas usually has a lag effect. And what ends up happening is when oil is high, people and companies start saying, OK, well, oil is really high right now and it's been high. We need to find an alternate source of energy. They switch back to nat gas, right? Nat gas becomes more attractive, which then drives the price. So there's a lag effect. That should make a lot of sense to you guys. All right. Don't forget, guys, I introduced a YouTube premium on my channel right here at the Gareth Soloway Pro Trader. Again, we have now over 200 subscribers in two days. We get to a thousand. I'll literally do at least one unique video with, you know, stock trades or crypto or something big in a video every single week for you guys. So keep doing it. It's only ten bucks a month. It basically lets you support my channel. You get badges, you get emojis, you get basically, you know, I see that in the comments. I always look at the comments. But if you are if I see you there, I'm much more likely to obviously respond. But I still don't really answer like stock specific questions. I'll give you a general idea. But again, I don't like to do that stock specific because each person is different out there on either way, guys. Again, that's right on this YouTube premium channel. I'll put the link in the description. Thank you so much for coming out and supporting me for your kind words. I seriously like it's hard for me to to give you guys how much it means. But like, you know, it keeps me going. Like you guys are the fire and the kindness that you show me. That's like now I'm like, all right, I'm going to do even better for them or at least try. I'm not perfect. You guys know that I make mistakes, but at least I base all my decisions on probability and your kind words. They really do mean a lot to me. So thank you so much. You guys have a great rest of your day. Take.