Gold Market Analysis - July 2025
Overview
The article discusses the recent movements in the gold market, highlighting a confirmed breakdown below a rising support/resistance line, indicating a bearish trend. The analysis suggests that gold is continuing its decline, supported by technical indicators and market behavior.
Market Movements
In the preceding days, there was a pattern where miners initially moved higher, followed by gold and then silver. This trend was observed again recently, with miners lagging behind gold's performance. The article notes that silver has been outperforming gold, which is seen as a bearish signal for the short term.
Tariff Hike Agreement
The article also touches on a recent trade agreement between the U.S. and Vietnam, which has led to increased tariffs on Vietnamese goods. While the markets initially reacted positively, the author argues that this is a significant increase from previous rates and could negatively impact global trade and commodity prices, including gold.
Platinum and Copper Analysis
Platinum prices surged recently, but the article warns that this rally may not be sustainable, drawing parallels to past market tops. The emotional reaction to the price movements is highlighted, suggesting that the current bullish sentiment may lead to a reversal. Copper prices, while experiencing some fluctuations, have not erased their recent gains, but the author remains skeptical about the sustainability of these rallies.
Conclusion
The analysis concludes that the current market conditions for gold and other precious metals are bearish, driven by technical breakdowns and emotional market reactions rather than fundamental strengths. The author encourages readers to stay informed and consider the broader implications of these market movements.