Patrick Karim: Gold is Bottoming & Setting Up Its Next Big Move

Patrick Karim of North Star Bad Charts argues that investors should ignore the headlines and let price action determine the trade. He explains why gold and silver are bouncing but have not yet confirmed the larger breakouts many investors are waiting for, while copper remains in a cleaner long-term uptrend. Patrick also breaks down the key moving averages, resistance levels, and chart structures he is watching across equities, oil, bonds, and precious metals—and why patience matters more than trying to predict the next move.

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0:00 Why Patrick ignores the headlines

3:52 The indicators he uses to read markets

9:34 How he confirms a breakout

13:24 Gold is bouncing—but hasn’t broken out yet

18:42 Why gold may need more time to build a base

24:56 Silver’s next key resistance levels

27:43 Copper’s stronger long-term setup

30:38 The oil breakout level that matters

35:11 What bond yields are signaling

38:36 Why Patrick remains cautious on bonds

41:05 Gold, silver, copper, and bonds recap

42:29 Where to follow Patrick Karim

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