- By Nikki Yu Gillo, CMT Investopedia is partnering with CMT Association on this newsletter
- The contents of this newsletter are for informational and educational purposes only, however, and do not […]
| Investopedia is partnering with CMT Association on this newsletter. The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services. |
Buying Opportunities in Gold
To enter precious metals pullbacks effectively, we need to wait for signs of exhaustion in selling pressure, confirm support levels, and align with broader uptrend signals. Oversold conditions in gold and silver often present buying opportunities. Pullbacks within a confirmed uptrend (higher highs and higher lows) are typically safer to enter than those in a downtrend. As we can see from the chart of $NEM aka Newmont Corporation, one proxy for large gold miners given its large weighting in $GDX, we can see that the first support was found upon its retest of the 20 week moving average. We will see if a sustained support at 75 will be found but this is looking like a healthy buying opportunity.
Buying Opportunities in Silver
Price action near key support levels such as the 10+ area for $AG or First Majestic Silver bounced after the RSI became oversold and touched the 20 week moving averages. We believe a sustained uptrend for silver with bullish harami candlesticks showing near the support zones. A typically safer entry is to enter in tranches as the support builds over time and add confirmation when prices confirm reversal with higher lows and MACD crossovers to the upside.
Buying Opportunity in Copper
One of the strongest commodities in 2025 has been copper and the clear trend beneficiary is $SCCO or Southern Copper Corporation. This continues to consolidate near its highs with a likelihood of just a shallow retracement between 125-130 before resuming its upward trend towards new highs. Consider these metals as a rotation away from the dollar and a beneficiary of diversification away from megacaps and technology plays that dominate elevated valuation headlines.
Nikki Yu Gillo, CMT is a Philippine Chapter Chair of the CMT Association. She has over 20 years of experience working in Wealth Securities Inc. and runs a private investor community called Awesome10X. She can be reached at [email protected]
Shared content and posted charts are intended to be used for informational and educational purposes only. CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. CMT Association does not accept liability for any financial loss or damage our audience may incur.
