June 24, 2025 - (Gold Market Wire) - An interim ceasefire between Israel and Iran is gearing up to cause a shake out of the Gold Bulls The chart is starting to talk.

...and the zoom out.

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After oil's swan dive, the market is prepped for a Gold shake out. It's been a helluva ride, but the discipline is telling that $3450 may be an intermediate top. Only a fool isn't lightening up here. How much you cut is up to preferential taste. The trend line is slowly breaking down. Considering how far we've come, a test back down to the $3000 level really can't be ruled out.

Ultimately our revisit of $3500 looks ready to be stopped just short of the mark, but as the Master once said, "in this game, that's about as close to bullseye as you're going to get."

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For the Wild-Eyes gamblers: Could this be the time the Gold/Silver ratio resets? Is has the taste. Ratio players may want to sell it now, as Gold outperformed on the way up - it's likely to "underperform" on the way down.

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