Gold Daily and Silver Weekly Charts – Goodbye to February, Non-Farm Payrolls on Friday

from Jesse’s Café Américain

And so we close the door on the leap year-lengthened month of February, which was a particularly good month for gold.

And as always with the end of one month and the beginning of another, there will be a Non-Farm Payrolls report at the end of this week.

Gold is clearly in a symmetrical triangle, trying to decide which way to break, up or down, from this potential ‘cup and handle’ formation. And remember right now it is all potential, not having set a firm handle and broken up and out from that retest.

I included some material from a few years ago that shows the formation when it works in both a textbook and a ‘real life’ example. You may read about it here.

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