POTENTIAL BAT PATTERN AT GOLD/SILVER 2,0 EXT OF AB IN D LEG AREA LONG TERM CEILING ABOVE X LEG TARGETS ARE VERY LIMITED. TAKING BIGGER PICTURE WE MAY ASSUME EXTENSIVE TARGETS AS SILVER WILL REGAIN ITS SHINE ..
Looking for the downtrend which will result in PM's making upward movement.
Silver will be the king in the near future Imo
Gold/Silver Ratio: AB=CD is almost finished! Wait for NY close today and see if the price closes below 76.7. If yes, enter short at 76.7( or lower), stop @ 77.7, profit @71.9( 38.2%AD). Take it, you're welcome.
Always looks attractive to short when it is high
Just looking at the past at what the ratio has done it seems clear that over the long term Silver could be a better bet than gold (if that is you would like more gold). There seems to be a rough 4/5 year cycle to the ratio. It seems likely that between 55-60 by some point in 2018. Perhaps even as low as 48 by 2019. The only way we will hit the 30s if we see...
Expecting another impulsive decline to follow if this is the end of a flat correction
ROUND N' ROUND SHE GOES ... A bearish rounded top is forming on the daily GOLD:SILVER RATIO chart ... possible outcome : drop to 71.29 support (March high) which is close to the 200-dma, a bounce to resistance trend line (black) & then a drop to lower trend line (blue)
The GSR is setting up for a short trade that will trigger one of the biggest precious metals moves ever.
weekly charts show a huge drop in the future, while perhaps the price will still climb for some candles on 1H chart, but seems like the drop will come soon.... any body could let me which broker provide this CFD contract? or maybe sell gold buy silver is a safe trade..... but anyway i am keeping short the gold (check the link)
Gold/Silver ratio, bearish BAT. it had hit 1st target. now heading toward 2nd target of $52
golsilverratio looking up till 13 sep
Gold/Silver ratio, bearish BAT, + 1:1 measure move, pointing to 52