Gold Silver Ratio - Close LookGold Silver ratio make Lower high and follow a trend line. According to the trend its look down to the support at 86.500 and resistance at 89.800. if 89.800 break above trend then it might touch 91.100
Gold and Silver Bull Market Close By - Short XAUXAGThe inverse relationship between XAUXAG and Gold prices is exceptionally strong.
I believe XAUXAG is currently going to continue declining for technical and fundamental reasons.
Fundamentally being that interest rates are likely to come down in the not too distant future and this market will be pr
GSR is prepared to move down.We are right at the trendline. I expect a sharp move down, this month/ next month. This plays well with Silver chart ( it has inverted head and shoulders pattern). If GSR goes above 84 with momentum, it would be better to stand aside for a moment (actually i wouldnt be surprised if we visit 84-85 on
Gold-silver ratio set for historic fallMany, many factors support the outperformance of silver ...
The longterm chart of the gold/silver ratio shows the holding of the down trend, and since I did the chart in March it has been retested and now continues it's downward march to levels few can believe right now.
🥈XAU/XAG-DailyShort Term (Daily Chart)
When the trend support is broken, we will make sure that the downtrend starts.
88,500 price level resistance level.
🥈XAU/XAG-WeeklyMedium Term (Weekly Chart)
We are seeing pinbar candlestick close this week.
The ratio may decline next week.
$90 levels are strong resistance, the price can rise as much as this level.
🥈XAU/XAG-MonthlyLong Term (Monthly Chart)
After the 5-wave rise, the gold-silver ratio entered a downtrend.
According to Elliot's wave theorem, I think we are in B wave bullish.
$95-100$ levels are critical levels.
GOLD ⚔️ SILVER🥇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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long silver short goldlong silver short gold on the monthly time frame
started since Oct. 10th 2022
Trade new monthly red candle to hit tomorrow 1st Dec. 2022
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