‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends)
But the length of daily and 4-hour trends is very short.
That's why we need to constantly update our short-term analyzes.
Today we will continue our gold and silver analysis.
💸Macroeconomic Overview
FED's hard interest rate hikes, along with precious metals, caused a general decline in the commodity market. However, it is not possible for commodity prices to return to their normal prices very quickly, including oil . Therefore, I do not expect any relaxation in the FED's interest rate policy. In general, my expectation is that interest rates will lag behind inflation for a long time.
💥Monthly
Gold silver ratio is an important chart. In the past years, we have witnessed a long-term rise. XAU/XAG showed an increase from $ 30 to $ 130. (5 waves-impulse waves) We can interpret this rise as a 5-wave impulse wave according to the elliot wave pattern. .After this rise, there was a sharp decline in favor of silver. According to the technical analysis, this can be interpreted as a correction of the previous bearish movement. (A decline) Now, I think we are in the B rise. At the 93-102 resistance levels, I expect the current situation to turn in favor of silver again.
But the length of daily and 4-hour trends is very short.
That's why we need to constantly update our short-term analyzes.
Today we will continue our gold and silver analysis.
💸Macroeconomic Overview
FED's hard interest rate hikes, along with precious metals, caused a general decline in the commodity market. However, it is not possible for commodity prices to return to their normal prices very quickly, including oil . Therefore, I do not expect any relaxation in the FED's interest rate policy. In general, my expectation is that interest rates will lag behind inflation for a long time.
💥Monthly
Gold silver ratio is an important chart. In the past years, we have witnessed a long-term rise. XAU/XAG showed an increase from $ 30 to $ 130. (5 waves-impulse waves) We can interpret this rise as a 5-wave impulse wave according to the elliot wave pattern. .After this rise, there was a sharp decline in favor of silver. According to the technical analysis, this can be interpreted as a correction of the previous bearish movement. (A decline) Now, I think we are in the B rise. At the 93-102 resistance levels, I expect the current situation to turn in favor of silver again.
