Head & Shoulder Pattern in GoldSilver Pair. Bearish Reversal in GoldSIlver Pair and a head & Shoulder pattern was observed indicating a bearish reversal.
Gold Silver ratio make Lower high and follow a trend line. According to the trend its look down to the support at 86.500 and resistance at 89.800. if 89.800 break above trend then it might touch 91.100
The inverse relationship between XAUXAG and Gold prices is exceptionally strong. I believe XAUXAG is currently going to continue declining for technical and fundamental reasons. Fundamentally being that interest rates are likely to come down in the not too distant future and this market will be pricing that in. Plan B is unlikely and will review if I get stopped out.
We are right at the trendline. I expect a sharp move down, this month/ next month. This plays well with Silver chart ( it has inverted head and shoulders pattern). If GSR goes above 84 with momentum, it would be better to stand aside for a moment (actually i wouldnt be surprised if we visit 84-85 on the weekly, and close it at 83 or lower, that would create...
Many, many factors support the outperformance of silver ... The longterm chart of the gold/silver ratio shows the holding of the down trend, and since I did the chart in March it has been retested and now continues it's downward march to levels few can believe right now.
Short Term (Daily Chart) When the trend support is broken, we will make sure that the downtrend starts. 88,500 price level resistance level.
Medium Term (Weekly Chart) We are seeing pinbar candlestick close this week. The ratio may decline next week. $90 levels are strong resistance, the price can rise as much as this level.
Long Term (Monthly Chart) After the 5-wave rise, the gold-silver ratio entered a downtrend. According to Elliot's wave theorem, I think we are in B wave bullish. $95-100$ levels are critical levels.
🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals. Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial...
long silver short gold on the monthly time frame started since Oct. 10th 2022 Trade new monthly red candle to hit tomorrow 1st Dec. 2022
How strong silver will be in the next two years can be shown in this picture. Of course, gold is also good, but not as good as silver. The US dollar may face the embarrassment of crazy devaluation. The American system has been severely damaged and has gone too far from universal value. This is the result of the deterioration of American social morality.
If you can't see the gold and silver, then the gold and silver ratio shows the standard 5 wave falling model very well. At present, the four wave callback has ended. Then start 5 waves. In addition, after the end of the five waves, there may be a big rebound, and a second wave rebound of a higher level. To tell the truth, there are too many bad people in the world...
Something gonna be repeated ?! According to Uptrend regression line (long) the ratio would oscillate around base line, the rate of xau-usd descent is more.
New channel from 94 upwards should be in place as in new week. 5th Sept 2022
‼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...
.‼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...
‼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...