Gold markets were shaken hard after President Trump nominated Kevin Warsh as the next Federal Reserve Chair, triggering sharp volatility across precious metals đȘïžđ„
But donât confuse a violent correction with a trend reversal â this looks more like a reset before the next rally đ
đ Key Takeaways
đ Gold corrected sharply from the $5,600 record high
đĄïž Price is still holding above the critical $4,000 support
đ„ Silver, platinum, and critical materials also saw heavy sell-offs
đŠ Warshâs Fed nomination caused short-term market relief
â ïž A decisive break below $4,000 would invalidate this bullish outlook
đ Market Reaction: A Shock, Not a Collapse
The announcement of Kevin Warsh â seen as a more conservative and hawkish Fed pick â briefly calmed markets and triggered repositioning đ
As a result:
đ„ Gold dropped over 10%
đ„ Silver crashed more than 30%
âïž Copper stocks, uranium, and critical materials suffered double-digit losses
This wasnât panic â it was a release valve after an overstretched rally đš
The long lower wicks on gold and silver candles clearly show buyers stepping in đđ
đŠ A Conservative Fed Canât Fix Structural Problems
Even if Warsh starts out hawkish, the Fed:
â Canât fix fiscal instability
â Canât solve geopolitical tensions
â Canât print critical metals needed for military and industrial supply
đ Global supply shortages remain
đïž Central banks are still net buyers of gold
đ§ And once trust in the system cracks, it doesnât return overnight
đ Goldâs Technical Structure Still Bullish
Since 2024, gold has respected a clear bullish structure:
Ascending triangles â breakout rallies
Consolidations â new highs
The break above $4,400 triggered a powerful move toward $5,400, which was exceeded to $5,600 đ
Fridayâs historic drop to $4,679 signals high volatility, not trend failure.
đ What to watch next:
đą Consolidation likely above $4,400â$4,600
â ïž A break below $4,400 opens downside toward $4,000
â Only a break below $4,000 would threaten the bull market
đ” US Dollar Adds Short-Term Uncertainty
USD rebounded from 95.50 toward 97
A move above 100.50 could delay goldâs next leg
A break below 95.50 could send the dollar toward 90, boosting gold đâĄïžđ„
Despite the bounce, the long-term USD structure remains bearish.
đ„ Silver & Ratios to Watch
Gold/Silver ratio rebounded from 45 toward 64
Short-term uncertainty, but bullish structure intact
A break below 45 could ignite a silver-led rally
Major support near 30 remains key for future tops
âïž GoldâPlatinum Ratio Sends Warning
Ratio hit long-term support at 1.80, then rebounded above 2.20
This triggered a sharp plunge in platinum and palladium
Signals that gold may continue to outperform other metals đ„đ
đ§ Final Thoughts
This correction does not end the gold bull market.
It resets it đ
đ„ Fiscal instability
đ Geopolitical risk
âïž Structural supply shortages
All remain firmly in place.
đ As long as gold holds above $4,000, the long-term bullish trend stays intact.
Short-term caution is wise â let the dust settle before chasing entries âłâ ïž
The next rally is being prepared⊠quietly đâš
#GOLD #XAUUSD #PreciousMetalsTurbule #GoldForecast #KevinWarshNextFedChair
