Gold, Silver, And Platinum Elliott Wave Weekly Update - Sunday, Feb 8

Technical Analyst & Trader • Feb 8, 2026 at 3:30 AM EST

In this week's podcast, Michael provided an Elliott Wave Weekly Update for gold, silver, and platinum markets. He analyzed the recent price movements and potential future trends for each metal.

Photo by Zlaťáky.cz on Unsplash

In this week's podcast, I provided an Elliott Wave Weekly Update for gold, silver, and platinum markets. I analyzed the recent price movements and potential future trends for each metal.

For gold, I discussed the completion of intermediate wave 3 and the start of intermediate wave 4, expecting a correction down to around $3900.

In silver, I debated between two possible wave counts and noted the rapid decline, questioning if it could be a primary degree move.

For platinum, I outlined the current primary C wave down and expected a rally back up.

Throughout the discussions, I emphasized the impact of algorithmic trading on market volatility and the acceleration of price movements.

Video Length: 00:35:30

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