GOLDSILVERThe precious metals move is just getting started. The huge capulation move in silver marks the bottom as the gold silver ratio also made a nice grouping of pins at resistance. Anyone playing this market needs to look longterm as in monthly/ yearly charts and do not use any stops or you will get eaten alive. Silver leads the way always. The ratio is at historical highs now and topping out. Buy silver, hold gold.
XAUXAG trade ideas
XAUXAG/XAUUSD ratioThe XAUXAG/XAUUSD ratio is a beauty in terms of Fibonacci retracements and extensions. Against this background I surmise a bearish development which would be bullish for XAUUSD 0.28% , which I am occasionally invested in. Needless to say, this does not constitute trading advice, but is merely an idea (from my perspective, as well!).
Gold-Silver Ratio Down, Precious Metals UpThe gold-silver ratio is motivating me to look for bullish opportunities in the precious metals. Following silver's 17 days down in a row, I believe it is unlikely that it will erase this most recent rally it took from $16 after only reaching the .382 fibo retracement level. Instead, I think it has a date with the downward trend line around $18.2. The indicators are showing me bearish divergence on the gold-silver ratio. If you review a longer term chart, you will see that GSR is inversely correlated to the precious metals. Let's see if it can show us the future here.
GOLD SILVER CORRECTIVE STRUCTUREXAUXAG is in a daily corrective structure. Currently its making a daily (b) corrective wave. I am expecting one more up move as a corrective wave before the big fall in this pair! Just showing u the relation of Gold and Silver so u guys can continue with your gold and silver trades! So keep an eye have a good weekend!
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