The precious metals market has experienced an extraordinary surge in prices recently, but according to a report from ChainCatcher, this spectacular expansion phase is believed to have reached its peak. Adam Button, a leading analyst from investinglive, predicts that the bullish momentum in gold and other precious metals is now entering a consolidation phase.
In forecasting future market trends, Button expressed deep skepticism about the possibility of gold prices falling below the $4,000 level. In his view, if such a decline were to occur, it would actually present attractive investment opportunities for large-cap traders who have been waiting for such a moment. Conversely, Button also emphasizes the importance of caution and avoiding reckless speculation amid current market uncertainties.
For investors holding gold positions, this momentum creates a complex dilemma. Rapid market fluctuations can change drastically within hours, creating significant volatility that is difficult to predict with precision. Button warns traders not to be carried away by panic emotions, especially during Friday night trading sessions when transaction volumes are high and price movements can be very sharp.
In response to the possibility of a massive sell-off scenario similar to the “Black Monday” phenomenon in the past, Button considers the likelihood of it happening again to be quite low. This would only materialize if there is a significant external catalyst, such as changes in geopolitical policies or unforeseen critical developments. Currently, Button predicts that the precious metals market will continue to move sideways with sentiment remaining relatively stable within a narrow range.
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Analyst Predicts the End of the Precious Metals Growth Era
The precious metals market has experienced an extraordinary surge in prices recently, but according to a report from ChainCatcher, this spectacular expansion phase is believed to have reached its peak. Adam Button, a leading analyst from investinglive, predicts that the bullish momentum in gold and other precious metals is now entering a consolidation phase.
In forecasting future market trends, Button expressed deep skepticism about the possibility of gold prices falling below the $4,000 level. In his view, if such a decline were to occur, it would actually present attractive investment opportunities for large-cap traders who have been waiting for such a moment. Conversely, Button also emphasizes the importance of caution and avoiding reckless speculation amid current market uncertainties.
For investors holding gold positions, this momentum creates a complex dilemma. Rapid market fluctuations can change drastically within hours, creating significant volatility that is difficult to predict with precision. Button warns traders not to be carried away by panic emotions, especially during Friday night trading sessions when transaction volumes are high and price movements can be very sharp.
In response to the possibility of a massive sell-off scenario similar to the “Black Monday” phenomenon in the past, Button considers the likelihood of it happening again to be quite low. This would only materialize if there is a significant external catalyst, such as changes in geopolitical policies or unforeseen critical developments. Currently, Button predicts that the precious metals market will continue to move sideways with sentiment remaining relatively stable within a narrow range.