Regarding Gold$XAUT Silver$XAG ‌ Next Outlook

Gold and silver are very likely to break through $5600 and $120 this year, which are also their historical highs.
COMEX gold opened lower in the Asian session but quickly recovered with increased volume, dropping to $5200 and then rebounding to re-establish above $5200, which is a very good sign.
The day before yesterday, gold prices dipped, closing at 5176, down 0.94%, but the closing price remained higher than the daily peaks since January 30, confirming that the upward trend remains intact. This is also a very good sign.
Yesterday’s price correction was probably due to some traders taking profits or cutting losses. That’s okay; those who need to exit can do so. Gold still stands above $5200.
Based on this trend, the next target price is seen at $5300.
COMEX silver in the Asian session also opened lower and then moved higher, now reaching $90 and challenging the $92 level. This level is tough because many trapped positions from earlier are at this price. Once above $92, there could be significant volatility, but the overall trend remains upward. Breaking the previous high of $120 is just a matter of time.
Gold and silver are expected to hit new highs in the second half of the year.
However, I still firmly believe that the chances of hitting new highs in the first half are low.
The main reasons include:
1. Gold prices have been rising for nearly 7 months without a monthly decline, which is unusual.
2. Usually, after a large increase of over 10% like last month, a correction of 3-4 months is expected.
3. The Nasdaq is expected to bottom around the March rate hike, putting pressure on the market to sell gold and move into US stocks.
4. Aside from the Iran issue, there are no other geopolitical crises in the first half that could sharply push gold prices higher in a short period. Currently, the US and Iran are unlikely to go to war in the short term.