Hey everyone!
In the previous idea that I made on December 30 last year. I stated that a gold candlestick in the green zone determines the goldsilver price trend in 2022 and based on that I expected a zigzag and bullish price in 2022 for goldsilver.
But what to expect in 2023?
The trend of the candles indicates the fall of this index toward Fibo 78.6 and Fibo...
A sideways B of B wave is almost complete and a violent C of B may be next. A breakup on GSR would likely be larger drawdown in metals.
If the GSR breaks down, it's very bullish for metals, but right now momentum looking like it wants to go up.
Gold/Silver Ratio will break the 375-day Triangle Pattern soon. There was a false breakout to the upside last week. Price couldn't break the trend line. Gold/Silver Ratio is expected to go down.
Formed Patterns : Shooting Star Candlestick Pattern, Rising Wedge Pattern, Double Top Pattern on the momentum indicator.
Scenario 1 : Gold/Silver Ratio quickly goes...
The Gold-Silver ratio, which represents the number of ounces of silver required to purchase one ounce of gold, is currently showing a bearish trend. This is evident from the ratio breaking its 19-day chart, indicating a significant shift towards bearishness for precious metals. This trend suggests that the market may experience many months of downside, which could...
Hello, Traders Investors And Community, welcome to this analysis about the gold-silver ratio, its current price-action, and what we can expect the next time. In my observation, I found some significantly sings in the chart which will affect the ratio fundamentally farther the next days and weeks. The goldsilver ratio is an important ratio to track the number of...
The Gold/ Silver ratio is now highly correlated to the US Dollar Index . Why ? Simple . Because a "Real" precious metals bull market is always characterized by two main things ... 1. A falling US Dollar and 2. Silver outperforming Gold .
Here we have both these indexes confirming each other and turning to the downside from my perspective .
GOLDSILVER in...
The GOLDSILVER ratio is low, and MACD being positive right now, and a low RSI suggest this being a reasonable trade to look at.
The strategy is to BUY GOLD vs. SILVER in of course measured equal USD values and take profit for the ratio @ 82.75 for now. Place stop-loss below 78.25 for now.
Silver is losing to gold as it has been for months, but we're getting close to the gold/silver ratio of 98-100 area. At that point this chart should reverse which likely means - Gold starts getting a bid and Silver starts to outperform Gold. So yeah this ongoing dip might be the one to buy for long term, but keep in mind this can go on for a few more months.
GOLDSILVER seems to have fallen into approximate Bollinger Band behaviour over the past months.
One cannot say it has exactly as there are always exceptions.
However, a triple crossover of the upper band is a fairly strong indicator that a down tick is imminent.
So either gold will fall or silver will rise. It is for you to decide and place your bets...
As...
