



NFP 57K Miss Was the Spark — Is the Metals Bottom Finally In? Weekly TA 🔥
Aye folks. Big week. Let me break it down quick.
⚪ SILVER
Weekly still below 50 MA, 8 EMA, 20 MA — we have work to do before calling a true reversal. The daily completed a H&S that dragged us under the 200 DEMA for 14+ days. Not pretty structurally.
Bottoming process is in place tho — the question is whether it needs more time.
🟥 Resistance: $64-64.50 (20 DMA + 50 WMA confluencing), $66.30-67.30, then $71.70 & $73.70
🟩 Support: $55.75 / $50-48.70
🟡 GOLD
Gold bottomed before silver — called this weeks ago and it's shaping up exactly that way. Wanted $3,900-$3,850 as target, got close with $3,955 which closed as a clean weekly hammer at a key level. Gold has done more bottom-building work than silver at this point and is showing relative strength. TO NOTE, FRIDAY in holiday session futs closed at ~$4187 about 3-4bucks ABOVE THE 20 DMA 🔥
🟥 Resistance: $4,200 / $4,285 / $4,330
🟩 Support: $4,100 / $4,000 / $3,955 / $3,850
💀 DXY
Rejected 101.50 finally. Broke 101 on NFP data this week. Next support 100.7 — targeting 100.2 and below. Glad we broke 101 — metals need this to continue.
📬 GSR
66.92, -1.10% today. Looked like a bull flag ready to pop above lol — first target below 66.7/65.85. When GSR compresses below 60 silver really starts to run. Not there yet but direction is right.
🔥 Side note worth flagging:
Platinum and Palladium both look like they bottomed already. Palladium closed above the 20 DMA with a gap this week — first of the whole metals complex to do so. When the laggards lead it's usually a tell for the broader complex. GDX Miners also bottomed just below $75 as called — entered small longs there.
📌 Bottom line:
NFP 57K miss was the spark. Bottoming process is real but needs confirmation. Structurally we're not out of the woods on weekly timeframes — but the pieces are aligning: DXY breaking, GSR compressing, gold hammering, miners bottoming, platinum/palladium leading.
When it all lines up like this after a 5-month correction... you pay attention. 👀
Not financial advice. Just a guy with charts and timestamped calls.
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