XAU/XAG – Monthly Resistance & Support:
XAU/XAG – Summary:
Expected to start a Bullish Swing from the current 79.00 Levels and complete the Ending Diagonal pattern at or around 86.00 Levels
Bearish Impulse expected at or around 86.00 Levels
Keeping an eye on XAUXAG. At this time, I am waiting for a short position setup. Not just yet but soon I might go short on XAUXAG - once king of trades!
Talking about commodities, it's a trader-must-know! I am always in-and-out of XAU and XAG. We have seen tremendous price action during 2008-2010 financial burst times, while we were having Armageddon gold and ...
I find the current overvaluation of gold compared to silver very exciting. As you can see on the chart, the XAUXAG's ratio style rebounded at the upper falling resistance level in April (82.58 to 1) and is now heading back to the bottom for the next few years before ending in an overvaluation phase of silver.
A first goal is the ratio of gold to silver from 50 to ...
Firstly, let me put in a declaimer: I do not know if Elliott Waves can be applied to spreads. Secondly, this is a CFD and not the actual futures spread and thus some spikes are purposely disregarded because it can be due to the Oanda widening of the spreads that causes those moves (note that the CFD spreads are actually much wider than the futures and they have a ...
The idea is to short long term (this can mean 2 things, price of gold will fall faster than silver or price of silver xagusd will rise faster than gold xauusd) We can also see bearish div in RSI and AO.
Historically when an ounce of gold buys 80 ounces of silver, silver is deemed undervalued. People (so I have heard) do this swap and then switch back to some gold on the lower supports.
I believe personally silver is undervalued *not advice*
Its stochastic is overbought on the monthly too