Target from 27 OCT 2014 defined as target-extreme at 79.81 was finally hit with a significant doji. A decline from this level suggest a probable rallying in $XAG pricing relative to $XAU.
LOOKING AT IT FROM THE $XAUUSD PERSPECTIVE:
In this following $XAU 4-hour chart, price did reach the predictive extreme bearish target, and managed to carve structural lows. Since then, a rallying has occurred, as price surpassed the prior bearish target. Look for a continued ascent here:
-
In this following WEEKLY chart, 1240.23 remains the test to confirm a bullish market conversion on the basis of structural level:
-
On a finer granular level relative to that weekly chart above, this 4-hour chart suggests a near-it of the 1-4 Take-Profit line. Considering the recent price action, I would guard against any bearish expectation here:
-
LOOKING AT IT FROM THE $XAGUSD PERSPECTIVE:
While the $XAUUSD charts point to a rallying in $XAU against the relative strength decline in the $XAU vs. $XAG chart, then I would expect a relative strengthening of the $XAG against the $XAU.
This suggests that this following chart might have run its course, if this relative strength expectation were to materialize:
-
OVERALL:
A high-probability reversal exists in the strengthening of both metals, with a technical favor conferred to $XAG over $XAU, as far as recovery goes.
Stay tuned!
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----
.
LOOKING AT IT FROM THE $XAUUSD PERSPECTIVE:
In this following $XAU 4-hour chart, price did reach the predictive extreme bearish target, and managed to carve structural lows. Since then, a rallying has occurred, as price surpassed the prior bearish target. Look for a continued ascent here:
-
In this following WEEKLY chart, 1240.23 remains the test to confirm a bullish market conversion on the basis of structural level:
-
On a finer granular level relative to that weekly chart above, this 4-hour chart suggests a near-it of the 1-4 Take-Profit line. Considering the recent price action, I would guard against any bearish expectation here:
-
LOOKING AT IT FROM THE $XAGUSD PERSPECTIVE:
While the $XAUUSD charts point to a rallying in $XAU against the relative strength decline in the $XAU vs. $XAG chart, then I would expect a relative strengthening of the $XAG against the $XAU.
This suggests that this following chart might have run its course, if this relative strength expectation were to materialize:
-
OVERALL:
A high-probability reversal exists in the strengthening of both metals, with a technical favor conferred to $XAG over $XAU, as far as recovery goes.
Stay tuned!
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----
.
Related Ideas
