This is the perfect chart for shorting the S&P 500/Silver ratio strategy. Watch the lines. This ratio looks like it is about to drop.
This is the perfect chart for shorting the S&P 500/Silver ratio strategy. Watch the lines. This ratio looks like it is about to drop.
Monthly close above deserve trades rebalance to S:60%/G:40%
Watch that dark blue line - being above it is good and breaking below it is bad. So far it seems to provide very strong support. The rise of Silver could be built on this line.
MULTIPLE TECHNIQUES SHOWING CONFLUENCE..... TIME IS APPROACHING... IT IS GOING TO GET VOLATILE RETEST THE DOWN STRUCTURE OR AND FLUSH TO LOWER LEVELS OR BREAKS OUT TO RETEST THE HIGHS
PRICE ACTION ON 15 BASIS... OBSERVE PRICE...STUDY PRICE IT SHOWS THE SIGNS OF WHEN TO FOLLOW
OBSERVING PRICE ZONES.......IF FALURE BELOW 1211.20 THEN LAYING OUT SOME PROBABLE PATHS OF PRICE.. ANY CLOSING FAILURE BELOW 1175 INCREASES ODDS THAT PRICE WILL RUSH TO THE BREAKOUT AT THE BOTTOM OF THE BASE.. STAYING ABOVE THE HIGHLIGHTED BALANCE POINTS GIVES THE DESIRE BIAS OF ITS PATH.
As you can see by previous supply and demand levels, we have big supply levels above and demand levels far away from current price. Gold has though in the past been more aggressive to the upside passing supply levels with ease, trade the levels according to risk profile.
Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...
DESCRIPTION ON CHART
$GLD $SLV Gold/Siver is trading up around levels that have tended to lead to significant silver outperformance on a relative basis. However, watching the prevailing trend in the gold-silver ratio also provides some clues as to the performance of silver on a absolute basis. On the chart, marked are the three previous cases when the gold-silver ratio has broken...
Top of weekly cloud (16.20) is target. Holding 50 ema weekly and weekly bottom of cloud.
In this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale. It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will...