* If you pull fibo from 11 May 2011 to 9 March 2020 summit
The 5-wave A drop at 0.382 seems over.
* Then we completed the A rise and B decline.
* C rise will be up to 101,700 either double bottom
Or the critical the level of 93.780 will be completed there.
My expectations are in this direction.
XAUXAG is sitting around a strong support and round number 70.0 so we will be looking for buy setups on lower timeframes. unles price breaks the green zone downward aggressively, then a bearish movement would be expected.
For XAUXAG to go up, there are three scenarios:
1- GOLD UP, and SILVER DOWN (best case scenario)
2- GOLD UP, and SILVER UP but with Gold...
How much price of XAUXAG (Silver) might go this year of 2021?
Hello guys! I hope your doing great today.This gonnah be your's one. In this article I'm going to explain the chart movement for silver!
Is this real that the silver might going to hit $30 for every OZ. Literally, making us to think high. Right!
How much does it going to grow up by 2021-2022 and by...
The multi year trendline was broken this summer .
The drop broke below 69 at the end of August. On the daily chart I was waiting for the tag of the 200 SMA it never happened though.
That's why I suggested to short silver this autumn. But XAUXAG was so week in the previous 4 months that it was only able to back test the multi year trendline and the 200 SMA on...
Hi all,
That is not investment advise,
gold / silver ratio price action working on gartley harmonic pattern
1.414BC --> 72.672
AB=CD ---> 72.569
0.786XA --> 72. 409
Under 1.0XA Stoploss ---> Under 68.8 ---> invalidation level
If 1.0XA breaks gartley will convert crab harmonic
TP1 --> 77.414
TP2 --> 80.512
Trade with care
ht.
Possible Gold strengthening over silver.
Keeping an close eye on a breakout.
Strategy to trade is MUST.
Trade with caution.
ONLY FOR EDUCATIONAL PURPOSE.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
Finally, to remove noise, I added a 8 week moving average to the $gld vs $slv volatility indexes. Guess what? I saw a strange resemblance to the gold vs silver ratio! Could still be some more room down... good for gold and silver.
Using gold vs silver ratio and a simple moving average, Japanese candles and MACD to demonstrate the relationship between time frames, and how to understand the shifts in trends. See the ripples of smaller time frames confront counter waves on higher time frames, which can eventually decide the battlefield winner!
Gold vs silver ratio heading back downwards. Silver will react positively. $vix is also deflating, as $dxy (similar charts in structure. Looking for a continuation move to 72.50.
Gold vs silver ratio chart is breaking down. Look for support levels along the way. Since this is fast moving, specially on daily chart, look at diagonal trend lines for faster reaction time. #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
