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 DailyI think we have one more leg up for wave 5 for this C leg before this ratio starts a new impulse if 5 waves down.
So GOLD should head down for one more leg before we fire off.
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 Update May-3-2017The gold/silver ratio tried to breakout from the 75.1 resistance line but as of now it has be rejected. A break above this will lead to 76.6. A rejection tomorrow will lead to the 73.3 level. Wait for confirmation.
Gold/Silver Update 04-29-17The gold/silver ratio continued past the 73.37 resistance line on Friday but bearish CCI divergence has formed over the last week. A hammer candlestick pattern also formed on Friday sending signals that rally could be over. RSI shows that the pair is overbought.
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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Thank you
Keep following and support!
XAUXAG, WLook to sell at the top of the current flag, on smaller time frames if it breaks the trend line then add to it. Potentially a big move ot the downside.
Keep watch on Gold/Silver Hi guys . Keep watch on XAUXAG . If it breaks the cloud we can except buy trend . G'day Guys.
Gold/Silver ratio used to determine future precious metal moves.I would be positioned short the ratio (net long silver/gold) as the ratio looks set up in a bear flag, suggesting medium term downside on the weekly chart.
Gold/Silver ratio: Long term bearish declineThe Gold/Silver ratio shows an interesting setup here, and correlation to inverted SPX, which points to the nature of the ratio's movement tied to risk off/on phases. This has to do with the real world applications silver has as an industrial metal, compared to gold's function as a store of value and risk off protection.
I think we can see a long term decline, implying the price of silver will either appreciate or depreciate less than the price of gold, in comparison to it at least.
It's probably a good trade to take as a pair, which if you're using futures, implies you use a 2 to 3 ratio, selling 2 GC contracts and buying 3 SI contracts to enter the trade with reduced margin requirements. (I think there's a new contract for the ratio alone, but not familiar with it). You should size the trade based on risking 1% to 2% max if the price were to go against you coming back to 70.43.
In the case of CFD or FX traders, you could open trades in the XAUUSD and XAGUSD instruments, or using this XAUXAG or XAGXAU contracts if they exist in your platform. If you own physical gold, exchanging it for silver makes sense at this point (if you didn't already).
Good luck,
Ivan Labrie.
XAUXAG (GOLD/SILVER) FORECAST + SETUPXAUXAG is currently forming a descending triangle and we expect price to break out lower towards the main trendline in play.
