Silver closed strongly this week, however that is not surprising. All 4 cycles are up - the large cycle, the medium term cycle, the daily cycle and the hourly cycle. At the same time, silver with about 6 hours left of trading yesterday made a push higher just in tact with the recent trend line and closed back above it on a weekly basis - signalling us to go long....
This is a related idea and I recommend to scan the previous ones at least briefly to understand what I am about to say. As you can see cycles totally support the bullish market in gold and silver, since silver moves more percentage terms than gold in both directions - the reason why the ratio swings up and down. I expect gold to reach around 2050-2070 and silver...
As you can see in my related idea and on this chart - the smaller cycle perfectly caught the high and low in the recent three weeks. Now even though the longer term cycle turned down - looking at the price action I still think the smaller cycle being up will bring one more flush in precious metals. Recently we have observed a black swan event in the silver market...
XAUXAG is sitting around a strong support and round number 70.0 so we will be looking for buy setups on lower timeframes. unles price breaks the green zone downward aggressively, then a bearish movement would be expected. For XAUXAG to go up, there are three scenarios: 1- GOLD UP, and SILVER DOWN (best case scenario) 2- GOLD UP, and SILVER UP but with Gold...
Cycles top soon and will continue down till July. This means bullish precious metals and silver will outperform gold. Downside price target in this down cycle for the ratio is 42.
Hi all, That is not investment advise, gold / silver ratio price action working on gartley harmonic pattern 1.414BC --> 72.672 AB=CD ---> 72.569 0.786XA --> 72. 409 Under 1.0XA Stoploss ---> Under 68.8 ---> invalidation level If 1.0XA breaks gartley will convert crab harmonic TP1 --> 77.414 TP2 --> 80.512 Trade with care ht.
I am supper bullish on Silver but i think first it has to move 20 dollar to complete wave 4 and then we are ready for the fifth way which will take silver 35-40 $.
another correction to complete wave 2
xau can reach 2500 dollar and in this growth silver can reach 50 dollar ! it can be better investment :-)
xau can reach 2500 dollar and in this growth silver can reach 50 dollar ! it can be better investment :-)
XAUXAG ratio has reached the support line running from 2011 which has now turned into resistance and bounced back strongly. Our research team expects a bounce in the precious metals market and short term price target for the ratio is 75.
xauxag 1week bullish alternate bat
This falls inline with Equities, where price will look on indexes like S&P500, Nas100, ASX200, DAX30, FTSE100 - As these fall - commodities like XAG which are a consumer product for manufacturing - the price will suffer with equity sell offs. Taking the Fibonacci from the low to the high of the move; We have our targets in play. We will close out some long...
XAUXAG ratio to go to 20, could possibly go lower, that's a strong case for silver. Not betting so much on the pullback, but the dollar strength could initially mean a dip in both Gold and Silver, but when the bounce back silver will gain at a much faster rate than gold. Not a bad idea to jump in now if you are not using leverage. What do you think? Drop a...
Trend: Down Plan to enter: - Market enter if we close below blue line - Limit short orders are laddered in the box - SL is a close above dotted blue line (confluence of high price significance & .236 fib & wave four of one degree smaller) Expect to interact with blue dashed line. RSI: Looking for reversal between 55-65
Hello loves, The ratio of silver to gold in the Earth's crust is 18:1... Thanks for reading! <3