Saturday Gold & Silver Analysis - Feb 24th, 2018
The strategies discussed below are suitable for swing traders.

This is a continuation of my last post here:
saturday-gold-and-silver-analysis-2018-02-17

Tightening. For a burst?

There’s not much to say this Saturday for gold and silver. Gold has failed to move above $1,350, and continue to be in consolidation. The same with silver. One thing to keep as a reminder is that both gold and silver have been in a tight consolidation since the start of 2017. Usually, when an asset is moving in a very tight consolidation, when it breaks, it breaks with momentum. So let’s hope for the best.

With this lack of movements from both gold and silver, I’m thinking of lengthening my analysis period to once a month, if there’s no important changes for both gold and silver. After all, it’s kindda spammy. :D I’ll consider this post as the closing analysis for February for gold and silver.

Gold monthly chart - Feb 24th, 2018

Silver monthly chart - Feb 24th, 2018

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