🔥 The monthly candlestick chart for gold and silver currently shows a bearish engulfing pattern—opening higher than the previous month and closing lower than the previous month. This signal aligns with the stall in the bull market at the end of January and the timing of U.S. and Iranian military actions. Analysts warn that the precious metals market may need to undergo several months of consolidation and sideways fluctuation before the bull market can resume. Regarding gold, the last similar bearish engulfing pattern appeared in April 2022, after which the price dropped from $2,000 per ounce to $1,600, declining for six consecutive months. Heraeus states that if the recent upward trend reverses, the next key support level is near the March low, around $4,100 per ounce. Analysts also point out that rising inflation and declining real interest rates will support gold...