Been watching the Gold to Silver ratio for years. These are perverse levels that cannot continue forever so prepare yourself. Currently you can get over 80 oz of silver for 1 oz of Gold. Look for that number to get significantly lower over the next few months. The previous low was 1:32 and I suspect we'll go lower next time.
Short for GOLD/Silver ratio. Its been at 80 range for long time and if penetrates trough 79 is highly likely to stop at 76 area. Two main concerns with this trade: 1. Price of the gold is high right now and it is possible to drop down to 1220 very soon. 2. On opposite site silver is under\valued and from 16.50 zone it wont be surprise to reach 17.50 and above....
Inverted head and shoulders action for copper to signal the end of a minor pullback and continuation of uptrend. Positive angles and tilts in price action suggest uptrend is intact. $Copper $CUUUSD
Gold is breaking through this rising trendline lower. Weakness in the next couple of days to be expected. But I am a LT bull therefore this could be the last dip before ripping higher. Let's see..
Silver has been consolidating in this triangle formation for quite some time now. Is it looking for a catalyst to change that? With global markets fearing a correction, history shows us that society reverts to the tangible world as a safe haven. According to the LBMA Precious Metal Forecast, top analyst predict that silver will be the strongest performer of the...
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gold versus silver still in bullish side while Rsi in (weekly and monthly) looks strong and searching for further up , but in last july the pair retraced 38% of last movement (2011-2016) . so if the pair haven't holds above 75's it will continue retrace to 50-55's area before continue its rally GLTA
Gold exceeded the key high set last September, but has since backed away. Thursday printed a rejection of the high, and Friday confirmed that rejection. Since Gold has climbed in January, we have been losing momentum. This, and the bearish divergence in the Stoch/RSI makes it difficult to initiate a long trade here. Taking a look at Silver - not shown - we can...
Gold's price respects the potential Sell Zone mentioned in my newsletter this week Daily Cypher and weekly structure in focus
Head shoulders pattern indicating downside potential, but furthermore it would also break a long term resistance level. This would confirm a bear market in the dollar and give a strong rally to gold and silver prices.
Happy new year! I wish you all the best and a profitable 2018. I uploaded my video for next week's trading session to my YouTube account. Safe Trades!
aint much to explain :-)
Gold continues to slide. The slide started when Gold failed to close above 1300$ and the bearish momentum accelarated when Gold broke below its uptrend line and the daily MA lines (failed support). In this week's newsletter I covered Gold and mentioned that although it is weak right now, it is approaching a weekly support zone that you should monitor. This...
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