$XAG Catchingt Up To $XAU? | $Gold $NUGT $JNUG #forex
Target from 27 OCT 2014 defined as target-extreme at 79.81 was finally hit with a significant doji. A decline from this level suggest a probable rallying in XXAG pricing relative to XAU.
LOOKING AT IT FROM THE
XAUUSD PERSPECTIVE:
In this following
XAU 4-hour chart, price did reach the predictive extreme bearish target, and managed to carve structural lows. Since then, a rallying has occurred, as price surpassed the prior bearish target. Look for a continued ascent here:
- tradingview.com/v/RLeXdUp3/
In this following WEEKLY chart, 1240.23 remains the test to confirm a bullish market conversion on the basis of structural level:
- tradingview.com/v/bmSQEDux/
On a finer granular level relative to that weekly chart above, this 4-hour chart suggests a near-it of the 1-4 Take-Profit line. Considering the recent price action, I would guard against any bearish expectation here:
- tradingview.com/v/tTUfddMD/
LOOKING AT IT FROM THEXAGUSD PERSPECTIVE:
While theXAUUSD charts point to a rallying in XAU against the relative strength decline in the XAU vs. XXAG chart, then I would expect a relative strengthening of the XXAG against the XAU.
This suggests that this following chart might have run its course, if this relative strength expectation were to materialize:
- tradingview.com/v/4gJJTYg1/
OVERALL:
A high-probability reversal exists in the strengthening of both metals, with a technical favor conferred to XXAG overXAU, as far as recovery goes.
Stay tuned!
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter: 4xForecaster
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.
LOOKING AT IT FROM THE
XAUUSD PERSPECTIVE: In this following
XAU 4-hour chart, price did reach the predictive extreme bearish target, and managed to carve structural lows. Since then, a rallying has occurred, as price surpassed the prior bearish target. Look for a continued ascent here:- tradingview.com/v/RLeXdUp3/
In this following WEEKLY chart, 1240.23 remains the test to confirm a bullish market conversion on the basis of structural level:
- tradingview.com/v/bmSQEDux/
On a finer granular level relative to that weekly chart above, this 4-hour chart suggests a near-it of the 1-4 Take-Profit line. Considering the recent price action, I would guard against any bearish expectation here:
- tradingview.com/v/tTUfddMD/
LOOKING AT IT FROM THE
XAGUSD PERSPECTIVE:While the
XAUUSD charts point to a rallying in XAU against the relative strength decline in the XAU vs. XXAG chart, then I would expect a relative strengthening of the XXAG against the XAU. This suggests that this following chart might have run its course, if this relative strength expectation were to materialize:
- tradingview.com/v/4gJJTYg1/
OVERALL:
A high-probability reversal exists in the strengthening of both metals, with a technical favor conferred to XXAG over
XAU, as far as recovery goes.Stay tuned!
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: 4xForecaster
-----
.
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