signal 1 :Rond number 84
signal 2: The ceiling of the previous price and the resistance zone
signal 3: Stochastic has broken its fast line down
signal 4:Divergence in the macd and rsi
signal 5:weekly r2 pivot
With XAUXAG looking to fall lower, it is an indication that silver will be relatively stronger than gold in the short term.
If you are looking to buy into the precious metals, silver may be a better metal to focus on.
If you are looking to sell into the dip on precious metals, gold may be a better choice.
*Disclaimer - This analysis alone DOES NOT warrant a buy...
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...