Outrageous Predictions
Executive Summary: Outrageous Predictions 2026
Saxo Group
Read Saxo's Outrageous Predictions for 2026, our latest batch of low probability, but high impact ev...
You can access both of our platforms from a single Saxo account.
Technical Update - Gold and Silver ripe for a correction
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: Gold and Silver have formed top and reversal patterns. A correction seems likely to unfold over next few days
Gold ripe for a correction. Gold has formed a Bearish Engulfing top and reversal candle. Gold future shows identical pattern.
With the divergence on RSI (RSI is declining when asset price has been rising) the precious metal is ripe for a correction.
A correction should take Gold down to the 0.382 retracement at 19,55 but could drop to the 0.618 retracement at 1,897. However, 55 and 100 daily Moving Averages are coming up around that level providing some support.
Minor support at around 1,981. If taken out a short-term down trend has been confirmed.
If Gold can stay above the bottom of the Cloud bull trend is likely to resume after a correction.
For Gold to reverse this bearish correction scenario a close above the 2,050 is needed.
Gold has run out of steam short of all-time high and with divergence on Weekly RSI a correction should be expected.
Silver has also formed Bearish Engulfing candle indicating a top and reversal. Contrary to Gold there is no divergence on RSI suggesting Silver is likely to resume uptrend after a minor correction.
Nevertheless, a correction can take Silver down to the 0.382 retracement at around 23.70. If closing below Silver could dip to test 23.00 where the 100 and 55 daily Moving Averages are coming up providing support. However, a dip down to strong support at around 22.25 should not be ruled out.
To demolish and reverse this bearish correction scenario a close above 23.10 is needed.
Weekly chart Silver was rejected at the strong resistance area 25.85-26.46. Medium-term trend is still up but a correction is likely. Strong support at around 22.25 which is both the 0.618 retracement and the top of the Cloud.
Gold/Silver ratio is bouncing from support at around 79.00 after dipping down to the 0.786 retracement at 78.36 forming a bottom and reversal pattern.
A rebound should have energy to take Gold/Silver to the 0.382 retracement at 83.50 but a move up to 85 level where the 200 and 55 Moving Averages are providing resistance.
Latest Market Insights
Outrageous Predictions 2026
-
-
Outrageous Predictions
A Fortune 500 company names an AI model as CEO
Charu Chanana
Chief Investment Strategist
Can AI be trusted to take over in the boardroom? With the right algorithms and balanced human oversi... -
Outrageous Predictions
Despite concerns, U.S. 2026 mid-term elections proceed smoothly
John J. Hardy
Global Head of Macro Strategy
In spite of outstanding threats to the American democratic process, the US midterms come and go cord... -
Outrageous Predictions
Dollar dominance challenged by Beijing’s golden yuan
Charu Chanana
Chief Investment Strategist
Beijing does an end-run around the US dollar, setting up a framework for settling trade in a neutral... -
Outrageous Predictions
Obesity drugs for everyone – even for pets
Jacob Falkencrone
Global Head of Investment Strategy
The availability of GLP-1 drugs in pill form makes them ubiquitous, shrinking waistlines, even for p... -
Outrageous Predictions
Dumb AI triggers trillion-dollar clean-up
Jacob Falkencrone
Global Head of Investment Strategy
Agentic AI systems are deployed across all sectors, and after a solid start, mistakes trigger a tril... -
Outrageous Predictions
Quantum leap Q-Day arrives early, crashing crypto and destabilizing world finance
Neil Wilson
Investor Content Strategist
A quantum computer cracks today’s digital security, bringing enough chaos with it that Bitcoin crash... -
Outrageous Predictions
Taylor Swift-Kelce wedding spikes global growth
John J. Hardy
Global Head of Macro Strategy
Next year’s most anticipated wedding inspires Gen Z to drop the doomscrolling and dial up the real w... -
Outrageous Predictions
SpaceX announces an IPO, supercharging extraterrestrial markets
John J. Hardy
Global Head of Macro Strategy
Financial markets go into orbit, to the moon and beyond as SpaceX expands rocket launches by orders-... -
Outrageous Predictions
China unleashes CNY 50 trillion stimulus to reflate its economy
Charu Chanana
Chief Investment Strategist
Having created history’s most epic debt bubble, China boldly bets that fiscal stimulus to the tune o...