Here's Where Gold And Silver Stand (Technical Analysis)

Summary

• Gold and silver are currently consolidating in a healthy manner, which is likely laying the groundwork for their next leg higher.
• A reliable way to gauge overbought conditions is by comparing the asset’s price to its 200-day moving average - a widely used indicator that smooths out short-term volatility and highlights the underlying trend.
• Each time gold reached overbought levels on the RSI over the past year, it entered a healthy consolidation phase before resuming its upward trend.

jessekarjalainen

By Jesse Colombo

Gold and silver are currently consolidating in a healthy manner, which is likely laying the groundwork for their next leg higher.

I’m encouraged to see them consolidating in a healthy manner, which I believe is ultimately