Elliott Wave Analysis: Gold And Silver Eye Higher
Gold is coming nicely higher with a sharp rise above 1800 so we see metal now recovering into wave C) on 4h chart that belongs to wave D rally. As such, metal is expected to climb above 1836 level this week, while the market is above 1760.
Gold 4h Elliott Wave Analysis
Silver is trying to stabilize once again on the 4h chart after a deep pullback from 24.80 which is looking corrective after a recent break out of a corrective downward channel. So we see that retracement as wave 4) or maybe even higher degree wave 2), but in both cases, there is room for a recovery, especially now after a successful break above $24.00
Silver 4h Elliott Wave Analysis
Video Length: 00:07:27
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Certainly with inflation "being FED" as it is, and growing as it is, the price of stable assets such as gold and silver can be expected to rise. That should be obvious to most folks. It is what I would expect, based on the past.