On December 22, 2023 it was noted that daily Engrbytrade™ Gold/U.S Dollar derivative calculations moved quickly in a direction confirming gold was nearing the completion of a long term ascending triangle structure that is similar to what was developed during 2008 and 2009. On February 18, 2024 it was noted that Engrbytrade™ Silver/U.S Dollar derivative calculations were moving in a direction confirming silver is nearing the completion of a long term ascending triangle structure.
What is needed at this point is a silver confirmation move above its ascending triangle before both metals are expected to continue moving significantly higher.
Stock charts courtesy of StockCharts.com.
