Gold & Silver Forecast: Topping Pattern + Gann Dates Align

We continue to lean towards the view that both markets are forming — or have already formed — a top, with a strong reversal to the downside still favoured. Our potential bottom dates remain as follows:
10th December
19th December
29th December

Could both precious metals continue higher?
Yes — if Gold breaks above 4245 and Silver breaks above 54 on a daily breakout basis, then both instruments could accelerate sharply to the upside. In that scenario, the dates listed above would likely flip from potential bottoms to potential tops.

However, for now, our Elliott Wave count, Gann timing, and statistical work continue to point more towards a reversal and a downside move. We acknowledge that the current trend, with all these strong green candles, looks powerful and convincingly bullish — but this does not change our bearish bias unless the market proves otherwise.

In all cases, stay safe and always apply strict risk management.