Gold/Silver

Idea based on clones of previous movements

The XAUXAG/XAUUSD ratio is a beauty in terms of Fibonacci retracements and extensions. Against this background I surmise a bearish development which would be bullish for XAUUSD 0.28% , which I am occasionally invested in. Needless to say, this does not constitute trading advice, but is merely an idea (from my perspective, as well!).

50 to 1 one year from now. I call that cujo corner up top. Its a special way to understand the topping formation.

USD dejavu.. punch in my DXY charts and you'll find this formation.

XAG/XAU week compare day >70:1

STEP 3

macro EW

WHAT HAPPENS WHEN GSR GOES DOWN?

chart shows clear setup for long-term buy

I think we have one more leg up for wave 5 for this C leg before this ratio starts a new impulse if 5 waves down. So GOLD should head down for one more leg before we fire off.

The gold-silver ratio is motivating me to look for bullish opportunities in the precious metals. Following silver's 17 days down in a row, I believe it is unlikely that it will erase this most recent rally it took from $16 after only reaching the .382 fibo retracement level. Instead, I think it has a date with the downward trend line around $18.2. The ...

;-)

The gold/silver ratio tried to breakout from the 75.1 resistance line but as of now it has be rejected. A break above this will lead to 76.6. A rejection tomorrow will lead to the 73.3 level. Wait for confirmation.

GOOD LUCK

The gold/silver ratio continued past the 73.37 resistance line on Friday but bearish CCI divergence has formed over the last week. A hammer candlestick pattern also formed on Friday sending signals that rally could be over. RSI shows that the pair is overbought.

Gold just hit overbought levels against Silver!

long

XAUXAG is in a daily corrective structure. Currently its making a daily (b) corrective wave. I am expecting one more up move as a corrective wave before the big fall in this pair! Just showing u the relation of Gold and Silver so u guys can continue with your gold and silver trades! So keep an eye have a good weekend! Wanna see something more amazing ?? Scroll ...