Gold and Silver - Stage Analysis

Gold continues to build a Stage 1 base, which it's been in for around 36 weeks so far. Relative strength versus the S&P 500 is still weak though and near the lows, but it is starting to approach the zero line (52 week RS MA).

Watching for a Stage 2 breakout attempt.

Silver on the other hand is attempting to base in early Stage 4 around the support zone from the Sept & Nov 2020 swing lows before the buying climax.

Possibility of a Stage 1 base beginning, but RS remains very weak, so chance of a Stage 4 continuation breakdown.

Become a Stage Analysis Member: 

To see more like this – US Stocks watchlist posts, detailed videos each weekend, use our unique Stage Analysis tools, such as the US Stocks & ETFs Screener, Charts, Market Breadth, Group Relative Strength and more...

Join Today

Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.