Gold/Silver Falling Wedge
Gold/Silver is breaking out a falling wedge. I’m expecting Gold to gain value against silver for for at least a few weeks. Weekly RSI is very low...there’s room for Gold to go up against Silver, but the overall trend remains bearish. I could see the ratio go up to about 85-90 and then fall again. I’ll be watching the weekly RSI closely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.