GOLD vs. SILV - Relative Strength: Silver Wins Over Gold
- Recall - Targets set on 10 OCT 2013 were as follows:
TG-1 = 53.98 and TG-2 = 50.80.
Regardless of the targets set by our 4xQuad system, at this point, it is worth pointing to the structural break of price achieved in this precious metal relative strength chart, where a decline in price indicates a strengthening of silver over gold.
The longer rectangle constitutes a "Clout" of prior market activities whose narrow range is likely to impart support to price and impose itself as the main resistance towards completion of TG-1 and TG-2.
We will continue to cover this chart quietly whenever another significant price structural or market geometric event occurs.
David Alcindor Head Trader 4xQuad, LLC Predictive Analysis & Market Forecasting Denver, Colorado USA e: HeadTrader@4xQuad.com