Gold / Silver Ratio Hint of Further Silver Strength
Gold / Silver Ratio is resuming it's downward trend after backtesting long term trend line.
Good probability that this trend will continue.
1) Falling GSR confirms bullish trend is still intact.
2) Expectation of silver to lead gold during the next move up.
Gold had a lot more volatility vs. silver during the last run up (choppy price action trading mostly within tight range)
Silver trade
1) enter early and ride out the consolidation so you don't have to time the breakout
2) wait for a pre-breakout price action setup (daily / 4 Hour chart / 1 hour chart)
Good probability that this trend will continue.
1) Falling GSR confirms bullish trend is still intact.
2) Expectation of silver to lead gold during the next move up.
Gold had a lot more volatility vs. silver during the last run up (choppy price action trading mostly within tight range)
Silver trade
1) enter early and ride out the consolidation so you don't have to time the breakout
2) wait for a pre-breakout price action setup (daily / 4 Hour chart / 1 hour chart)
Comment:
Looks like it's setting up to break higher.... Quite a few resistance levels above though. Risk off catalyst will be the main fuel to kick off the next big rally imo...
Comment:
Very clear rejection on retest...