Gold and Silver Futures Outlook for Feb 2017

Gold and Silver Futures Outlook for Feb 2017

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The market analysis and outlook was done using APA Zones software and price action education.  We offer a foundation level price action education course, a wide array of powerful software tools for consistent analysis, and trade mentoring for one on one help.  Click/tap below to learn more and get access to our free trading resources!


On Gold this week are we looking at the overall Trend being down. However, for this week we see price ascending to the weekly/daily supply zones at 1251-1341. Now is the uptrend, by no means we just need price to give a little correction back up before continuing down with the downtrend that we are in overall. This downtrend perspective is really more off the monthly/yearly time-frames than the weekly Bottom Line: This week we see price moving up on Gold and are looking for price to break 1237 for this up move to have happen. If it does happen we have a great supply zone 1270.

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On Silver Futures this week. I’m thinking that we are in a overall uptrend and that we have been in a pullback stage and have seen price move to $15 as a correction or ‘wave’ 2 before price moves even high in the the $25 range. For this week I see the uptrend move continue to the $18.50 – $19 daily supply zone. Now this move may take longer than a week but I definitely see price moving to the upside.  It would be nice to see price pullback to $17.50 demand zone before making the power move and breaking $17.75.
Bottom Line: We are in a pullback wave and looking to retests the high at $22. Buying before $22 would be preferable as the name of the game is to buy low and sell high.

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