Gold and Silver - Weekly Chart Analysis - Last Week of February 2026

The idea that we should wait for a reversal in gold and silver before talking about a reversal in the crypto market remains valid.

Gold ( XAU )

Looking at the weekly chart for gold, it's clear that the rejection formation hasn't formed, and we should expect a test of levels above.

There's a high probability that we'll see a new all-time high.

If we apply a classic Fibonacci extension from the last pullback zone range of 3.894-4.389 (see CME chart), the significant levels are:

• 2.618 Fibo - 5.190
• 3.618 Fibo - 5.686
• 4.236 Fibo - 5.992

Silver ( XAG )

At this point, based on the weekly chart - there's no reason to expect an all-time high test.

Furthermore,

Last week closed with a green candlestick with a full body and almost no tails.
So it's important to consider the high probability of testing the next levels above, which are best seen on the 4-hour chart:

• 92.027 - high of the first week of February
• 92.027 - 94.847 - gap on the 4-hour chart
• 93.04 - middle of the gap
• 92.027 - 106.46 - gap on the daily chart
• 99.38 - middle of the gap

When opening long positions, consider the risk of a decline into last week's fairly wide gap - 84.76-79.54 - with a midpoint at 82.23

P.S. Don't hold positions over the weekend - funding fees can "eat up" all your profit or significantly increase your losses.