the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern .
green candle Monitor gold trend in 2022
and I expect gold trends was sideway
this ratio (GOLDSILVER) is new for me
but it can be very useful for me in future analysis.
Happy New Year to all
The ratio made an impulsive thrust to the downside, as Silver rallied with a vengeance from COVID lows. The move has corrected in three waves and magenta SMA and 86.70 historical longterm resistance level should contain any advance.
High in the ratio, made during COVID crisis is of great significance, marked unprecedented overperformance of Gold, which shoul now...
On both the daily and weekly time frame, this inverted H&S is visible. A successful breakout would target the 100/1 ratio (100 ounces of silver = 1 ounce of gold). This would be very bearish for precious metals.
Put Simply, The Gold To
Silver Price Ratio Represents
How Many Oz. Of Silver
Required, To Buy A
Single Oz. Of Gold ⚖️
Intuition With Observation ♋
Suggests Gold Is Set To
Once Again Outperform 🏁
Second Place Silver.
Detailed Variants of Idea Chart Below 🖼️🎨
TVC:GOLDSILVER
TVC:GOLD
TVC:SILVER
Hello All readers. This time I want to share a Long Term idea...
$$$ Gold/Silver Ratio $$$
This Ratio has been ranging for a LOOOOOONG time! Around 24 Years!
In 2020 , with the spread of pandemic , Commodities Price skyrocketed to new ATHs. Gold was not an exception. In The Time Gold was rising , It was also outperforming Silver which caused the Gold/Silver...
The Gold/Silver Ratio Spider Chart (GRS) doesn’t look very healthy. For silver and gold to complete their consolidations by end October we need a GSR of <69. Price therefore needs to move out towards the orange area!
This IDEA came to me as a surprise to me, BUT its entirely possible.
If this Cup & Handle pattern plays out; As we go into next year, silver's additional earnings potential/power will generally degrease with time when compare to GOLD.
But it will still rise higher as a percentage.
2020 was one of the best years on record for gold, as investors piled into the safe-haven asset amid geopolitical and economic uncertainty. The precious metal even hit a record high of $2,075 on August 7, 2020.
But I don't see gold repeating its stellar performance in 2021. Instead, I see other metals- including silver and platinum - outperforming gold during the...
Beginning of 2020 the ratio was at 126, which means it took 126 oz of silver to buy one oz of gold. A few months ago we had been at a ratio of 62. That means silver had almost doubled it's value regarding gold. We are at 69 currently, so if I would have metal and I expect the ratio to go up again this would be the time where I should exchange my silver for...
Descending channel on Gold/Silver weekly chart, but at the same time a hidden bullish divergence on the weekly RSI. Waiting for the descending channel to break upwards based on information from the RSI.
Gold/Silver is breaking out a falling wedge. I’m expecting Gold to gain value against silver for for at least a few weeks. Weekly RSI is very low...there’s room for Gold to go up against Silver, but the overall trend remains bearish. I could see the ratio go up to about 85-90 and then fall again. I’ll be watching the weekly RSI closely.
20/50 ema crossed. Macd going downhill. If market does not correct heavily i expect silver at 30+, gold at 1880 after impulsive move to 32/1920$
Realistic?
