Summary

• This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets.
• The price of gold is now comfortably below the 200 DMA of $4,460.
• Silver is below both DMAs but has a bigger gap before a death cross forms.
• Buying now won’t hurt you over the long term, but there is likely a much more aggressive buying opportunity coming once gold breaks $4000 and then the market is hit with one more final washout to get out the last of the weak-handed investors.

Technical Analysis of Gold and Silver

This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis on potential price direction in