GOLD/SILVER
XAG USD - sell to 2021This falls inline with Equities, where price will look on indexes like S&P500, Nas100, ASX200, DAX30, FTSE100 -
As these fall - commodities like XAG which are a consumer product for manufacturing - the price will suffer with equity sell offs.
Taking the Fibonacci from the low to the high of the move;
We have our targets in play.
We will close out some long positions which have been rewarding but another opportunity is here to hedge and be rewarded on the sells.
To see our breakdowns of the Indexes - see the links
as well as the long term Silver buy opportunities.
This trade a cycled seasonality trade - note the volatility here from the technical aspects around on the chart.
Use the monthly and weekly for a clearer picture.
Many thanks for those who follow us and continue your support through likes, comments and follows.
We have now surpassed our 100 follower milestone.
We will continue to share our work. Appreciate any private messages or comments in which provide substance of views agreeing or opposing.
Remember to manage your trade. This is key to success.
Thanks,
Team Lupa
XAUXAG ratio to go to 20, could possibly go lowerXAUXAG ratio to go to 20, could possibly go lower, that's a strong case for silver. Not betting so much on the pullback, but the dollar strength could initially mean a dip in both Gold and Silver, but when the bounce back silver will gain at a much faster rate than gold.
Not a bad idea to jump in now if you are not using leverage.
What do you think? Drop a comment below and share your own charts.
Comment, LIKE and Follow
Plan to enter on XAUXAG pullbackTrend: Down
Plan to enter:
- Market enter if we close below blue line
- Limit short orders are laddered in the box
- SL is a close above dotted blue line (confluence of high price significance & .236 fib & wave four of one degree smaller)
Expect to interact with blue dashed line.
RSI:
Looking for reversal between 55-65
XAUXAG long - Safe houseThis is going to be an interesting idea.
The XAUXAG ratio dropped to a multi year support at 81.
Actually this is a 6 year - multiyear - support line. It's way too stretched below every moving average, printed a bollinger band crash signal.
I'm waiting for at least of the tag of the 10 MA and maybe we backtest the cross of the 100 MA and the 50 MA.
WHat does it mean exactly ? How can you trade it ?
Most brokers doesn't offer the trade of the XAUXAG ratio.
SO for trading this idea you will nee to open a XAUUSD long and a XAGUSD short position at the same time with the same margin impact.
I have traded this kind of idea earlier with platinum successfully.
GOLD/SILVER RATIO - What does this mean? SILVER THE NEW GOLD?!It simply means silver is better to buy performance wise than gold.
Question is Silver could be the new gold?
How & Why?
Silver is seen as a better reflationary asset a hedge given from industrial and tech applications
Most of half the silver material is used in tech electronics such as connections, wires and jewellery
Silver is out performing gold
Large institutions think we could get price of 25-30 for silver in the long run.
I'd wait for pull back in most of the commodities.
Just an idea, not a recommendation.
The ratio has reached the line of support.We took the profits from our short position in the ratio, as well as the profits from the silver long position. For now I expect to see some sideways trading and the ratio could pullback towards the 93-94 area. I don't see a reason to go long in this case, however it is an opportunity. If you wish to take the long position in the ratio - bear in mind the fact that the silver market is very strong and the trend could easily be broken without retracing back towards the 93-94 area. To monitor this - close out the long below 87.5 and enter a short position again targeting 81.5. I will make another update as soon as I see some movement.
XAUUSD Big Picture and Elliot Wave count by HarmonicTraderHi all,
That is not investment advice,
XAUUSD Big picture and elliot wave count
I am sorry for hided some kind of big count on chart. I dont want to it fall into someone's lap without making an effort easily.
I dont want to talk about something like now is short then is long for gold, silver and btc.. That's why cause misunderstanding..
This work answers the question What gold waiting for..
A little hint for you;
-As you see on chart when started to first sharp recession fall on 18 March that is blue colored 4. wave on chart
-I am waiting for second big sharp fall of recession
-When the stock markets crash for the second time, investors who open positions in the forex market and do not have a proper stopping strategy will have to add margin deposit when an emergency margin call is triggered in order to keep current position.
-They will have to sell gold, silver or btc in order to protect their position according to margin call. For this reason gold, silver and btc markets will have to short position. (Someting like blue colored 4. wave or not on chart who knows... I think nobody knows..)
-Nobody knows that will be similar or different volume
-According to this opinios my main expection is for btc is linked given below.. Maybe i will be wrong, that is my idea..
-But no matter the big picture will not change whatever they want.
-My main expection that is not enought for gold 1821 it is not important when reached 1800x then fall again, gold, silver and btc will be rising in the future more and more ..
Not investment advise. Dont get position according to my work
Beware of Imitations
Respect for labor..
Good luck
Harmonic Trader.
Gold-Silver-Ratio - Silver undervaluedI find the current overvaluation of gold compared to silver very exciting. As you can see on the chart, the XAUXAG's ratio style rebounded at the upper falling resistance level in April (82.58 to 1) and is now heading back to the bottom for the next few years before ending in an overvaluation phase of silver.
A first goal is the ratio of gold to silver from 50 to 1 as indicated by the arrows in the chart and is the 61,8% correction of 2011 low and 2016 high.
Important:
This does not mean that silver-has to go through the roof, for example, it would be enough if gold-falls and the price of silver-remains constant.
Therefore, for all precious metal fans, a switch from gold to silver is currently interesting, because-currently I can still exchange 77 to 1, later perhaps only 50 gold shares to 1 silver share or even worse. The chance risk ratio is at interesting 4.5 to 1 when the stop loss is set to the last April high.
On the other hand, then silver-producers would be interesting. For example, ImpactSilver (88% SilverProduction) or Golden Arrow Resources (72%) or First Majestic Silver (63%) or Endeavor-Silver (60%) or Silvercorp Metals (57%) or SilverCrest (52%) or Fortuna-Silver-Mines (51%). These would accordingly be the "natural" leverage instruments with rising silver prices. Let's see if I will do separate analyzes on these values.
Greetings from Hannover
Stefan Bode
If you liked it then agree, share and also comment on what is good or can be improved.
Global Market AssumptionsHello.If we try to analyze the current situation by looking at 8 major pairs:
1 - U.S Dollar Currency Index
2 - S&P Goldman Sachs Commodity Index
3 - Gold Spot
4 - Gold / Silver Ratio (XAUXAG)
5 - S&P 500 Index
6 - Euro
7 - Australian Dollar
8 - U.S Dollar / Japanese Yen
Assumptions
A
If 1 moves down towards the trend line:
* The probability that 2 moves up towards the trend line increases.
* Although nothing definitive can be said for 3 (due to the inflationary trend)
If political and pandemic risks are low:
Horizontal-downward movements can be observed in 3.
* If the above moves occur at 3, the number 4 moves downwards towards its trend line.
* While the movement at 4 is taking place, the number 5 can become a twin peak.
* Horizontal upward movements may continue at 6 and 7. ( But the upward move at 6 may be more forceful.)
* Downward movements can be observed at 8.
B
If 1 continues its upward movement above trendline :
* There may be drastic drops in 2.
* Although nothing definitive can be said for 3 (due to the inflationary trend)
If political and pandemic risks are low:
Horizontal-downward movements can be observed in 3. (This time With DXY, gold is suppressed and downward movements are more likely to occur.)
* If the risk of political and pandemic continues, 4 remains above the trend line. (Vice versa for low politic and pandemic risk)
* While the movement at 4 is taking place, the number 5 can can be drawn towards its own trend line.
* There are sharp drops at 6 and 7. (Especially 7) (Firstly trendline pullbacks)
* Sharp upward movements can be observed at 8.
These are only typical assumptions.
Regards.
Gold/Silver ratio on its way to 88.The chart suggests that the correction will continue untill it reaches its long-term support running from 2011. It is quite logical that this will follow after the washout experienced by precious metals in March causing this anomaly when silver lost about 50% of its value in terms of gold. I am expecting the ratio to be equal to 88 by early July. This implies a bullish market for gold and silver, where XAGUSD will outperform. Lookout for updates regarding silver, we will see some interesting price targets and nice trading opportunities.
Short Dax and Dow, Swap to short XAUXAG and Long XAGHey all,
Currently short in Dax and Dow and considering to swap for short in Gold Silver cross and long Silver.
Looking back, when industrial production is heavily affected it obviously hits Dax and Dow, especially as this is a global incident. Industrial production being hits means silver is also affected while gold is a bit more safe, hence silver going down while gold silver cross goes up.
When things tends to turn there could be a bigger shortterm upside on silver and short gold silver cross, which is why I consider cutting Dax and Dow shorts and convert them to short in Gold Silver cross and long Silver - later then to be substituted for tradition broad portfolio of stocks, ETFs etc.
What is your perspective on this strategy; experienced feedback is most welcome - including comments on target points.
Best regards,
BT
Silver fractalSome silver fractals, what i mean by 'equilibrium crossover' is the point where the rising wedge breaks down into the falling wedge, producing the bullish pattern. After some more movement down within the wedge upward movement can be expected as per the falling wedge pattern. Used a mirror support level for a possible reversal point for silver.