🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.
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How strong silver will be in the next two years can be shown in this picture. Of course, gold is also good, but not as good as silver. The US dollar may face the embarrassment of crazy devaluation. The American system has been severely damaged and has gone too far from universal value. This is the result of the deterioration of American social morality.
If you can't see the gold and silver, then the gold and silver ratio shows the standard 5 wave falling model very well. At present, the four wave callback has ended. Then start 5 waves. In addition, after the end of the five waves, there may be a big rebound, and a second wave rebound of a higher level. To tell the truth, there are too many bad people in the world...
Something gonna be repeated ?!
According to Uptrend regression line (long) the ratio would oscillate around base line,
the rate of xau-usd descent is more.
‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends)
But the length of daily and 4-hour trends is very short.
That's why we need to constantly update our short-term analyzes.
Today we will continue our gold and silver analysis.
💸Macroeconomic Overview
FED's hard interest rate hikes, along with precious metals, caused a...
.‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends)
But the length of daily and 4-hour trends is very short.
That's why we need to constantly update our short-term analyzes.
Today we will continue our gold and silver analysis.
💸Macroeconomic Overview
FED's hard interest rate hikes, along with precious metals, caused a...
‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends)
But the length of daily and 4-hour trends is very short.
That's why we need to constantly update our short-term analyzes.
Today we will continue our gold and silver analysis.
💸Macroeconomic Overview
FED's hard interest rate hikes, along with precious metals, caused a...
Since the beginning of 2021 Gold/Silver parity making an obvious channel. $87 - $85 area is important support and $100 is the target. Even if parity decreases till $80 we're gonna be still in the channel and we still have chance to go to $100.
Examining the weekly chart, the price has been trading in an upside-down head-to-shoulder or a pinched sideways movement between the $85-60 levels.
Then it broke through this compression zone and started to rise.
There may be small reaction decreases, My guess the price will reach its target in 3-4 months.
We are seeing a super cycle rise that starts at $30 in 2011 and continues to $125 in 2020.
The rise between 2011 and 2020 is a 5-wave rise.
After the completion of Wave 5, we had a sharp drop to the $63 levels, which was the corrective wave A of the 5 Wave drop.
My guess is that the price is currently moving within correction wave B.
I expect this corrective wave...
The gold silver spread is very high, and it feels we may see adjustment to this spread coming weeks.
Strategy is SELL @ 87.50-88.00 and take profit around 81.75.
The indicators flickered. Silver rebounded in the medium term and rose in the last round. I announced the beginning. At present, the model matches perfectly, and a final rise is about to begin. The rally ended and began to short until November December. Let's start our fight.
The XAU/XAG ratio rose to 82-84 but could not exceed this level.
If it falls below the $75 level, it can continue to decline to the $68 level.
In the long run; Even if $68 levels are seen, I think the target is $94.
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