GOLD TO SILVER RATIO ABOUT TO TOP OUT !!OANDA:XAUXAG The current Gold rush and the weak demand in Retail for Silver, Platinum or even Palladium clearly shows that Gold TVC:GOLD is heading for a double top in the coming two to three months against Silver TVC:SILVER , after which Silver will start having the upper hand and totally outperform Gold (add in Platinum and Palladium as well). This would also perfectly coincide with my editorial Silver prediction to break the $45-50 barrier in 2027 from a year ago:
XAUXAG trade ideas
$40 Silver in Sight? BofA Says Yes The Gold-Silver Ratio (XAU/XAG) measures how many ounces of silver are needed to purchase one ounce of gold, providing a clear example of the relative performance of each metal.
Bank of America (BofA) has argued there could be an opportunity to short gold against silver at its current ratio of 83.50, targeting a move down to 78.50 or 75.00, with an upside stop at 87.50.
A decline in the ratio can occur either if silver rises faster than gold or if gold falls more sharply than silver.
BofA’s 2024 gold price targets of $2,368, $2,538, and $2,643 have already been hit, with the next target set around $2,733. However, the bank advises caution on gold, instead hinting traders could focus on silver, which is nearing eleven-year highs. According to the bank, the ratio recently formed a double top, signaling a bullish outlook for silver. Silver’s potential upside targets range between $36.02 and $40.
Long Term OutlookAccording to this chart gold is in a downtrend against silver. Price may be trading within a descending channel. If price follows the path of this channel, then I expect a 30-35 Gold/Silver ratio. I bought some silver today and it brought me here to see what’s going on with the ratio. Silver is lagging behind I get it, but it will catch up and outperform gold in the long run.
Gold and Silver Bull Market Close By - Short XAUXAGThe inverse relationship between XAUXAG and Gold prices is exceptionally strong.
I believe XAUXAG is currently going to continue declining for technical and fundamental reasons.
Fundamentally being that interest rates are likely to come down in the not too distant future and this market will be pricing that in.
Plan B is unlikely and will review if I get stopped out.
GSR is prepared to move down.We are right at the trendline. I expect a sharp move down, this month/ next month. This plays well with Silver chart ( it has inverted head and shoulders pattern). If GSR goes above 84 with momentum, it would be better to stand aside for a moment (actually i wouldnt be surprised if we visit 84-85 on the weekly, and close it at 83 or lower, that would create gravestone doji candle) . But im definately keeping an eye on silver. Huge opportunity coming in my view.
Gold-silver ratio set for historic fallMany, many factors support the outperformance of silver ...
The longterm chart of the gold/silver ratio shows the holding of the down trend, and since I did the chart in March it has been retested and now continues it's downward march to levels few can believe right now.
GOLD ⚔️ SILVER🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
The rise of silverHow strong silver will be in the next two years can be shown in this picture. Of course, gold is also good, but not as good as silver. The US dollar may face the embarrassment of crazy devaluation. The American system has been severely damaged and has gone too far from universal value. This is the result of the deterioration of American social morality.
ShortIf you can't see the gold and silver, then the gold and silver ratio shows the standard 5 wave falling model very well. At present, the four wave callback has ended. Then start 5 waves. In addition, after the end of the five waves, there may be a big rebound, and a second wave rebound of a higher level. To tell the truth, there are too many bad people in the world today. The far left communism has spread all over the world and has extended its tentacles to the leader countries of the democratic camp. They let Biden come to power with a dementia. Without saving the United States, they will soon become the second China.At that time, it was really the tragedy of the world. All the people would become sad slaves.