Gold, Silver, And Platinum Elliott Wave Weekly Update

Technical Analyst & Trader • Oct 11, 2026 at 7:15 AM EDT

An Elliott Wave analysis of gold, silver, and platinum, outlining possible final corrective declines before the next major rally.

In this week's update, I analyzed the gold market, discussing the potential completion of intermediate wave 4 and the possibility of an upcoming rally in primary wave 3, with key levels around $4,000 and $6,000 being monitored.

For silver, I presented two scenarios: either continuing in an X-wave correction or potentially having bottomed in July with an upcoming Z-wave rally that would require breaking above $72.

In platinum, I discussed the market being in a primary third wave, with intermediate wave 4 potentially complete, and emphasized the importance of the $1,348 support level to validate the current count.

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