Long term (~5 years) trendline broke, if weekly candle close below trendline, further drop can be expected in the middle/long run. My personal target level to exit is in the 56-60 range.
Fellow Traders,
This is not a trade idea - yet - but rather an informative piece of info on the Gold/Silver ratio that precious metal traders should take note of.
I believe the channel slope posted here is validated and I see several points of contact that shows me the slope is still in play. As we know, precious metals have been falling since Apr 2011, which...
