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GLD/SLV - Ratio revisitedGLD/SLV ratio is starting to roll over. Looks like a rally in gold and silver is finally coming. A break of the bottom support line and I suspect that we will see 7.50 as a first level of support. Remember this ratio falls as gold and silver rise primarily due to silver's ability to outperform on a percentage basis as gold has a law of large numbers issue going on. Looks like we are getting close. This chart follows the overall market fairly well when you look at the NYSE. Market can't rise forever. Continuing to be patient.
AMEX:GLD
by BobbySpa
Long-term potential for gold remains strong!• Technical analysis update for the SPDR Gold Shares ETF (GLD). • Long-term bullish continuation anticipated once current correction is completed. • Looks like a deeper retracement may come in the near-term, before resumption of the rally. Long-term breakout Following the August 2018 swing low of $111.06, GLD rallied 32.2% to the September 2019 high of $146.82. That rally found resistance in the area of Fibonacci confluence, including the 50% retracement of the full downtrend measured off the 2011 peak, which was at $143.04. Note that the 14-week Relative Strength Index (RSI) was quite overbought at that point (83.52), the most overbought since the extreme 2011 peak (83.87). A bullish crossover of the 10-week exponential moving average (ema) and the 34-week ema occurred at the beginning of 2019. Most importantly, the rally took GLD out of a bottoming pattern to a 71-month high. Once $131.15 (July 2016 swing high) was broken to the upside price advanced to the September 2019 high with conviction, as there was barely a pullback of any significance. Normal retracement to date As is normal in financial markets, once a breakout of significance occurs (multi-year breakout off bottom in this case), price will retrace some degree of the advance towards the breakout area. The degree of retracement will vary and may provide some insight into the characteristics of the trend pattern. Following the retracement, a resumption of the initial trend can be expected unless shown otherwise. To date, the retracement has reached $136.19, thereby completing a minimum Fibonacci retracement of 38.2% (at $136.40). Volume has been falling as price declines. Note that price has fallen below and closed below the 10-week ema (blue line) for the past five weeks and tested it as resistance for the past four. This is a sign of short-term weakness and points to further selling pressure unless something changes (such as daily close above last week’s $139.57 high). Multiple lower possible support zones If price does continue to fall, then watch the next three potential support zones for subsequent signs of a bullish reversal: 1. 133.88 – 133.00 2. 129.78 – 128.32 3. 125.20 – 124.72 Each price zone is derived from multiple Fibonacci retracement and projection levels, as well as prior price pivot levels.
AMEX:GLDLong
by BrucePowersCMT
GLD/SLV Ratio - Ready to fall!As you can see today's rally in the market hit resistance at the underside of the support channel. SLV disproportionally lower than GLD today helping the spike get there. This is directly correlated with SPX/SPY failing at 3118. This has a long way to go on the downside. SLV should outperform GLD very shortly and the market should roll over at the same time. Typically a run in silver and gold will cause this ratio to fall. As you can see as GLD and SLV digested their summer gains and the market reached new highs this has made it to an inflection point. Too many other indicators out there confirming all these inflection points. Keeping fingers crossed here.
AMEX:GLD
by BobbySpa
4
GLDSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.) System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose.
AMEX:GLDLong
by System_T
1
the last stand-100 as the USD flexs before decades of downfall... the monthly fractal obelisk structure has started shaping up a couple months ago on all markets and will rally hard. as all final stands do. What you are about to find out tho...is IF you balanced your dollar properly the entire time, since its creation...you'd have a much more controlled and less painful ride back to balanced data.. the amount of imbalance across the global financial markets has never been this high...bitcoin doing its thing has just set things to a laughable hollywood type of scenario which ends with a big bang.
AMEX:GLDShort
by Second2Nun
GLD/SLV Ratio - time for a correction?This chart depicts the GLD/SLV ratio since the start of the almost 11 year bull market. As you can see the ratio reached a high at about the time the market starting crashing back in 2008 of 8.8, and hit a low of 31 when gold topped out in 2011 (those boundaries defined by the FIB chart). It has steadily climbed within two very defined channels to new highs as gold and silver have been out of favor for most of the 11 year raging bull. Gold and silver did have a brief shining moment in 2016 while the market digested its 5 1/2 year gains before the next leg of the bull market (see drop in ratio at start of 2016). During the last leg the ratio reached a historical 100 year peak at 9.4 (a 94 gold to silver ratio). During gold and silver's shining moment that began in June this year you can see the 94 peak collapsed (right at the support channel of the first channel) through the second channel and gave way to a ratio of 8.0 as silver outpaced gold's gains on a percentage basis. The ratio has worked its way back to 8.6 as gold and silver have consolidated their big moves that started in June. As you can see it has stalled right at the underside of the second channel as well and should continue to fail as gold and silver start to rise again. A break of 8.35 (which represents the 2015 top before the 2016 low of 6.5), which is marked by the horizontal line and the red .236 level on the inset FIB chart marking the 9.4 top and 8.0 bottom, and the flood gates should open again. If history is correct, and this chart follows a similar pattern to that of 2008-2011 (even at a slower pace), this is the time to buy silver (and gold ) and protect your equity investments that appear to be due for a breather.
AMEX:GLD
by BobbySpa