Silver looks to be breaking out from its short term downtrend. This will have long term ramifications on the gold and silver bull run. Expect much higher prices for both Gold and Silver by year end. Silver especially will be very volatile. Load up on silver miners as they will benefit the most from this.
Gold should break this horizontal triangle formation and break through resistance at 1360 in order to maintain that Gold USD is on a bull run. Otherwise look down below. I am more inclined to think this will head upwards however.
Silver could potentially break out above the downward trending triangle it has been in for the past year and a half. Expect it to be aggressive when it does happen.
It is emerging that a hard Brexit is still on the table. Is the GBP/USD overbought? Expect a correction as above.
Gold/Silver ratio looks to be topping out against strong resistance levels. This should see the trend reverse quite sharply as Silver is incredibly volatile. Should therefore see much higher silver prices in the latter stages of 2018.
Standard bubble chart patterns indicate by the end of 2018 you'll see BTCUSD trading at around $500.
USD/JPY has been trading inversely to Gold since 2013. The trend appears to be reversing. If we see a drop in USD/JPY and also in the USD at the same time the Gold price should rally quite strongly.
MACD reversing, RSI reversing and volume is lessening leaning more towards selling than buying. Top indicated?
Head shoulders pattern indicating downside potential, but furthermore it would also break a long term resistance level. This would confirm a bear market in the dollar and give a strong rally to gold and silver prices.
Break below support line would indicate bear market in the dollar. Gold should therefore outperform to the upside.
Break of long term down trend line with continued support for gold. Rally should be expected once resistance line is broken in 2018.
Silver to rise at a stronger rate than gold in the coming rise based on RSI and MACD indicators.
Gold mining shares have not been this undervalued relative to the price of gold in 9 years! The price of gold has just recently broken out of a 6 year downtrend. Buying gold miners at this low point in their valuation might be a good way to leverage the price of gold higher and maximise returns!
The Dow / Gold Ratio is setting up in a very similar way to its previous drop. Meaning either Gold will rally with the Dow entering a bear market or that Gold will rise or fall with the dow at a greater or lesser rate respectively. 9 times out of 10 its the first scenario that is true. Might be a very good time to sell the Dow / Stocks and buy gold and gold miners.
Up or Down. The that's Gold's decision. This will likely hinge on the friday jobs number whether it misses or beats however the negative data out of the US indicates a pause in tighthening and the Fed may even move to ease to step the deflation. Gold is at a clear and pivotal juncture. I'm inclined to say it will move higher and then rally as the negative data is...