GOLD & SILVER 2026-1-15

#gold (January 15, 2026) - I have no comment on the current gold price! The price range is showing signs of ending a sideways consolidation, so we need confirmation from Asian traders. Personally, I lean towards a price drop – I expect it to return to 4554 before deciding further, based on two reasons: 1. Silver surged yesterday, but gold didn't follow. The current Silver correction could easily lead to a short-term drop in gold. 2. Although the daily gold close above 4600 yesterday, the range doesn't seem to have changed much. Therefore, I recommend monitoring two price levels: 4607 and 4622 during the Asian session. Whichever direction the Asian market moves (up or down) will determine the price trend today! I'll update later.

For Gold, the recent price reversal was quite sharp – indicating that the price is still respecting the uptrend channel. Therefore, shorting around 4609 is somewhat risky – even though this level is today's lower boundary. I recommend a short trade around 4622 (4619) with a Stop Loss of 4635. The short point at 4622 is identified as the zone of the large bearish belt candlestick pattern formed at the beginning of the trading session. TP 4590 - 4576 - 4563 and 4555 The projected scenario is as shown on the chart: A drop from 4622 – back to the old low – another retest at 4609 before a real drop!

#gold - Update Asia - Europe Then, unfortunately, the price hovered around 4615 before falling. There was no 4619 or 4922 at all. With this drop, the short entry point would be around 4607/4609 (following the second phase - retest in the scenario). Stop loss is 4622. Tax return remains unchanged.

If you guys got stopped out (STP) in the past few days, don't be too sad!! Because the saddest person in the market right now is TD Securities (TDS). Since TDS shorted Silver at $72 with an STP of $92, the price has been soaring. The price crossed $93 - lightly touched his stop loss - and then suddenly dropped! It's probably just a coincidence! :D