Gold Silver and Copper correction Downside targets
Gold, silver and copper are entering a critical correction phase after historic breakouts and parabolic rallies. In this video we analyze the latest charts from Clive Maund and identify the most important downside targets, support zones and technical warning signals now developing across the precious metals and commodities sector.
Gold appears to be breaking down from a multi-month corrective channel, with key support near $4500 under pressure and a possible decline toward the major $3500 support area if the correction deepens. The long-term 45-year Cup & Handle structure remains bullish, but the short and medium-term setup suggests further volatility before the next major advance.
Silver continues to consolidate after its explosive breakout from a giant 45-year Cup & Handle formation. The charts suggest silver could still experience another sharp decline toward the strong $50–$56 support zone before resuming its secular bull market. We also examine the bear flag structure, MACD momentum signals and the historic silver-to-gold ratio.
Copper remains technically strong relative to gold, but signs of exhaustion are beginning to appear near major resistance. If precious metals continue lower, copper could retrace toward lower channel support before another upside reversal develops.
The video also covers:
• Gold vs Silver ratio
• Silver vs Gold ratio
• S&P 500 and Nasdaq overbought conditions
• MACD and RSI momentum analysis
• Long-term Cup & Handle formations
• Key resistance and support levels
• Potential liquidity and market correction risks
Charts and analysis inspired by Clive Maund of CliveMaund.com