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Goldforecast

Understanding the Gold-Silver RatioThe gold-silver ratio is a key metric that traders use to assess the relative value of gold and silver. The ratio is calculated by dividing the price of gold by the price of silver and is used to determine whether one of these precious metals is under or overvalued. Effectively, the ratio tells you how many pieces of silver you could purchase for one piece of gold. By understanding the gold-silver ratio, traders can gain insights into the relative strengths of gold and silver and make informed trading decisions about which metal to trade and when to enter or exit positions. The gold-silver ratio has been used for centuries as a measure of the relative value of these two precious metals. Historically, the ratio has fluctuated between 47 and 80, with a higher ratio indicating that gold is relatively more expensive compared to silver, and a lower ratio indicating that silver is relatively cheaper. For example, if the gold-silver ratio increases, with gold prices rising faster than silver prices, traders might conclude that gold is overvalued, and that silver offers better value at that very moment. In contrast, if the gold-silver ratio were to decrease, this could indicate that silver is overvalued. This is not necessarily true, but it is one conclusion to draw. But, by keeping a close eye on the gold-silver ratio, traders can make decisions about which metal to buy or sell based on its relative value. The gold-silver ratio can also provide insights into broader market trends. For example, a rising ratio may indicate that investors are becoming more risk-averse and seeking the relative safety of gold. Conversely, a declining ratio may indicate that investors are becoming more optimistic about economic growth and taking on more risk.
BLACKBULL:XAUUSD
by BlackBull_Markets
2
XAUUSD (Gold) Daily:13/02/2023: It looks like a sell opportunity As you can see, we expect the price to rise from here until our low time frame supply zone and then fall. For that, we need confirmation. We can define targets as follow: 1848 1826 1815.6 💥Important note: If the low time frame supply zone (you can find it on the chart) will not confirm, we expect the price to rise and fill the fair value gap of 1918.54- 1920.47.💥 💡Wait for the update! 🗓️13/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
VANTAGE:XAUUSDShort
by VahidTradingCR
1
XAUUSD May continue to drop!!Currency Pair : GOLD Possible direction : Bearish Technical Analysis : On the market opening, GOLD has formed a strong bearish price action with long bearish engulfer on the 4h. As the previous week we have seen a strong reversal, this week we could see trend continuation. On the test of the 20EMA, which also turn resistance of the previous support may give us suitable entry as this level is quite significant from daily and 4h perspective. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01
Gold (XAUUSD): Bearish Outlook For Next Week Explained 🟡 An important thing happened on Gold this week. After a strong bearish movement, the price reached a major rising trend line. The price was coiling on that since Monday. On Thursday, it was broken, though. The price closed below that, forming a bearish engulfing candle. I believe that the market may keep falling next week. Next support on focus is 1817 - 1833 area. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
9