Simple Moving Average(SMA) 50-period (red), 200-period (bold, gray)
RSI-14 with Simple Moving Average 5-period of RSI attached.

Fibonacci Study
Elliott Wave Principles
Market and Price Action (patterns, candlesticks)
Intraday pivots and Intermediate-term support and resistance

Multiple Time-frame Analysis

Gold in Consolidation; 1392 is Key Pivot (2/25)
Silver Rallying After a Gartley (2/25)

Gold (XAU/USD)
Gold

- Gold is about to test last week's high as it has been consolidating. This consolidation held support near 1392, and threatens to resume the prior week's uptrend.
- The RSI in the daily chart has yet to break above 70 to show strong bullish momentum.
- The RSI in the 4H chart already shows strength in the short and medium term. The RSI was overbought, which is a sign of bullish strength. After resolving the overbought conditions, the RSI remained above 40, even 50. Now that it is rallying above 60, the momentum is starting to return bullish.
- The bullish target is the historic high at  1430. A bearish scenario opens up below 1392 towards 1368.

Silver (XAG/USD)
Silver

- Silver has also been consolidating after a sharp rally in February that capped off on the 22nd. We saw a Gartley last week, and the market indeed rallied after this retracement pattern.
- Now it has started the week breaking above the declining trendline, and the 4H RSI is also returning above 60. These are signs of bullish continuation.
- The 34.20 high is the target at the moment in the short-term. Above that, we see the 36.00 level as the next fibonacci extension target.
- The bearish scenario opens up below the 31.22/31.00 support. 29.50 would be the first target below that. If 29.50 holds, the market is still bullish.

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