herwhitelillies
Long

Gold/Silver Ratio Daily

OANDA:XAUXAG   Gold/Silver
I 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.
Comment:

Can finally see some bottoming PA on this ratio. If prices manage to hold low and break above 74, weakness in gold and silver expected till this missing wave 5 is completed.
Comment:

One more missing leg before we are done, wave proportions suggest this recent top to be taken as wave 3 instead, since wave 3 is always the longest wave.

Hence, gold bulls be patient !
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