A test of the overhead supply is possible now
The Gold/Silver Ratio looks to be getting to extreme levels. Whenever Silver recovers compared to Gold it should be a pretty impressive move. Can the G/S ratio get higher? Of course but eventually it will revert back to more normal levels. Although Silver has been weaker during this last upward move, I would think Silver would outperform Gold in the next move.
Everything on chart. Good luck to all of us :)
im looking for push up the price from the level 14.500 which is 61,8 fib area. according to count we are producing wave 4. I have 3 targets 16,50, 17,50 and 18,50; Invalidation level is aroudn 14,39, as 4th wave cannot enter to wave 1 area;
Good morning traders, After reaching the target in previous trade and subsequent retracement, I´m ready to enter a new long with SL @ 15.160 for the next bullish leg. You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one...
Today's Chart - XAU/USD Overview : Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
Watch closely the pink trend line. If it can hold the support then should have some room to the upside. Don't lose site that the Gold/Silver ratio is over 80 so Silver has been a little sluggish.
Gold has pulled back slightly, but still up almost 15 percent since 2016. Traders don't believe the current rally as they look hopeful of more central bank quantitative easing, which is exactly why gold has had its run this year; and it is why I have been saying fundamentals have been strengthening for gold for roughly 16 months. After gold volatility hit...
SILVER is expected to SINK. There are many reason why we feel it may ...... * BEARISH ENGULFING in WEEKLY Chart. * To SINK and come near 14 * Stoch RSI (3,3,14,Close) clearly states it may SINK. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is also saying the same. Keeping all the above indicators in view along with the chart pattern we expect it...
1190 might be this month low for XAUUSD, Gold been leading the move recently! A test to 1245-50 zone is expected (forming a double top) before a healthy correction toward 1190-80 for final kiss good bye.
Needs a close above 15.75 to challenge further highs
XAGUSD is expected to sink now. There are many reason why we feel it may sink. 01. It has not sustained quarterly buy level. 02. Pinball in daily Chart. 03. To sink and come near quarterly sell level of 14.12 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all...
Buy gold on correction. neckline breakout after correction would be confirmation,