XAUXAG - Gold/Silver Ratio! Question I get asked: Why do you look at the XAU/XAG? Simple answer: Measuring the strength. Which metal has a greater R/R potential and that's been silver. Now personally I am much more bullish Silver since last yr march, given analysing the market of both gold and silver, which I stated this in my year ahead video outlook for...
Triangle PO a bit higher. Until this reverse down, markets won't be easy $SLV
XAUXAG is consolidating in a symmetric triangle around the 2016-2017 correction zone. The symmetric triangle is a continuation pattern. When it breaks we are When it breaks we are going to test 56,8 and later 50,3. The measured target of the symmetric triangle is around 42. If gold rallies to 2300-2400$ and the XAUXAG drops to 42 at the same time silver will...
To support a strong up move in silver, gold should be performing as well. Reasons why gold will be performing and could retest August highs on the last week of February, and after making a pull back into early March creating a cup and handle pattern - storm to 2500 by April: 1. During March - November period gold has made a 9 month long picture perfect bull flag....
We have hit a perfect double top in gold futures at 1767.9 (1767.2 first low in Nov) on a monthly time frame. Cycles are up and selling volume is decreasing. As long as gold doesn't close below 1767.2 this week - it is one of the most bullish assets on the planet right now! However, remember to be cautious because futures trading involves a substantial risk of...
Fresh Friday cycles chart - silver is the one shown today. Very bullish setup.
Cycles chart for gold, drag around the chart to see all the details.
Hi all, That is not investment advice Gartley has already been converted crab Inverse cup and handle 60.874 Trade with care ht.
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...
Absence of any credit shock or crash, maybe run $GLD, $SLV #silversqueeze
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.