Gold And Silver Technical Analysis for Friday, Feb. 12

Elliott Wave Analyst - tradinglounge • Feb 12, 2021 at 12:02 AM EST

Minor level 1,800 as the current support for gold. The next move above 1840 would confirm higher prices towards 1,900 the Fibonacci 61.8% retracement level.

Gold & Silver Technical Analysis Elliott Wave Forecast and Trading Levels

Overview: Minor level 1,800 as the current support for gold. The next move above 1840 would confirm higher prices towards 1,900 the Fibonacci 61.8% retracement level.
The Silver market, I continue to work an bullish Elliott wave count and today I also bring in the US Dollar index (DXY) in its final stages of its downtrend and will a turn in the DXY effect the metals.
Elliott Wave Gold: Wave (4)
Gold Trading Strategy: See Gold Silver Video

Video length 00:20:11

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