$XAG/$XAU - Market Analysis for Aug 13th, 2020

Aug 13, 2020 - 1:51 PM EDT

Gold definitely under performing compared to silver today, only just now reaching the 50% retrace of the recent drop with silver already exceeding the .618. Overall it looks like gold will likely get closer to the .618 retrace before wave (c) of b completes and silver can stretch closer to ~29.

XAG A0-FX - Micro - Aug-13 1048 AM (1 hour)

XAU A0-FX - Micro - Aug-13 1049 AM (2 hour)

Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.

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