GOLDSILVER trade ideas
GOLD Short term move with longer term perspective - 28/Oct/2020Hello Traders,
Hope you all are doing good!!
As i explained in my earlier post for GOLD, GOLD traded between 1895-1932 range for around a week.
Finally G:S is broken above the 80 level and also from the month old trend line which moved GOLD further down to 1880 level.
Now after this strong break above of G:S, i expect it to retest the broken level & hence, GOLD might be going to retest 1895 level before moving further downwards.
There is also a probability for GOLD to retest even further till 1903 level, hence, we must watch the price action around 1895 level.
On medium term, i expect price to test the recent lows at 1850 level, and held for quiet a time between 1850 & 1880 levels.
On longer term, if 1850 level broken below, i expect price to test the 1750 & then 1700 levels.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Gold/SIlver ratio - revisitedWe have strong daily bullish divergence on the daily chart getting ready to play out. The higher the number, the more silver it takes to buy gold. In a downtrend, Silver would lose more (percentage wise) than Gold. I still expect 134 to get hit at some point (perhaps early next year). This is based on the mammoth head and shoulders formation on the monthly chart (posted below). Crazy? Well, so was 126. These days, this wouldn't shock me one bit.
if 83 holds, we could have a mammoth run again past the old high
How to trade GOLD/SILVER RATIO in Any platform!?This is the first educational post I Make on Tradingview so make sure you like and comment and follow if you like it,
in this post I will explain how to trade The GOLD/SILVER RATIO in any platform
You can use the same strategy to trade ETH/BTC in Binance Futures with leverage ...
first lets define what is gold silver ratio ,
The gold/silver ratio (GSR) is the current price of an ounce of gold divided by the current price of an ounce of silver. It's a simple numerical calculation that shows how many multiples gold is trading relative to the price of silver, a common indicator used by precious metals investors worldwide.
this indicator help us know which is going to gain more or wich is going to lose more in some cases when there is high volatility in the markets you might find this chart stable with very strong trading opportunity for example back in the 26/2/2020 when the markets were uncertain and volatile this chart made a very good breakout and huge gains! you can find that on the chart above
so now lets explain how to trade it in any platform that have GOLD/USD and SILVER/USD
if you want to short the GSR
all what you need to do is to sell short GOLD and buy long SILVER with the same amount of money and leverage in each of the positions
Example
if you open a long position with 1000$ and x3 in SILVER/USD you have to open a short position in GOLD/USD at the same moment with 1000$ and x3 leverage.
If you want to long the GSR
all you need to do is the opposite of shorting we buy GOLD/USD and sell SILVER/USD with same rules again we should use the same amount of money and us the same leverage in each of the two position.
thanks for reading good luck
GOLD / SILVER Is Going Lower! What a pump we had this week,
Silver is currently at 23$ and Gold just broke 1900$ on downside.
I am now expecting a nice pump on silver and more downside to Gold.
Gold target would be a buying area at 1820.
Seems like it finally pulled back after the crazy rally that Gold had.
Silver is yet to do that.
It is on the right path and that is why i am buying it here at 23$ area since it was the low before the made new high.
If we break that i am bearish, cuz that would mean a new trend with new lower low.
