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Get ready for another fascinating conversation with Michael Oliver, the founder of Momentum Structural Analysis, a unique form of technical analysis that provides insights into the financial markets. In this video from Arcadia Economics, Michael turns his attention to the silver and gold markets, revealing that we are on the cusp of a critical acceleration phase.
The silver and gold markets have been in a consolidation phase for an extended period. However, recent developments indicate that we are now entering a crucial acceleration phase, which could lead to dramatic moves in the coming months.
The silver market shows that it has been in a consolidation phase for the past six years, with a steady accumulation of buying pressure. The price has been forming higher lows since 2015, and the recent breakout above the resistance level of $26 indicates that the market is now in the early stages of an acceleration phase. This phase could lead to a significant upside move in the price of silver, potentially reaching $50 or higher.
Similarly, the gold market has also been in a consolidation phase for the past seven years, with a series of higher lows and higher highs. The recent breakout above the resistance level of $1,800 is a significant bullish signal, indicating that the gold market is now entering the acceleration phase. The price of gold could potentially reach $2,500 or higher in the coming months, driven by strong buying pressure and a shift in market sentiment.
Michael Oliver’s latest video offers a timely and insightful perspective on the silver and gold markets. With the acceleration phase now underway, investors and traders should be paying close attention to these markets for potential opportunities. According to Michael, the dramatic part is just around the corner, and those who are prepared and positioned correctly could stand to benefit significantly from the upcoming moves in the silver and gold markets.
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