Since the beginning of 2021 Gold/Silver parity making an obvious channel. $87 - $85 area is important support and $100 is the target. Even if parity decreases till $80 we're gonna be still in the channel and we still have chance to go to $100.
Examining the weekly chart, the price has been trading in an upside-down head-to-shoulder or a pinched sideways movement between the $85-60 levels.
Then it broke through this compression zone and started to rise.
There may be small reaction decreases, My guess the price will reach its target in 3-4 months.
We are seeing a super cycle rise that starts at $30 in 2011 and continues to $125 in 2020.
The rise between 2011 and 2020 is a 5-wave rise.
After the completion of Wave 5, we had a sharp drop to the $63 levels, which was the corrective wave A of the 5 Wave drop.
My guess is that the price is currently moving within correction wave B.
I expect this corrective wave...
The gold silver spread is very high, and it feels we may see adjustment to this spread coming weeks.
Strategy is SELL @ 87.50-88.00 and take profit around 81.75.
The indicators flickered. Silver rebounded in the medium term and rose in the last round. I announced the beginning. At present, the model matches perfectly, and a final rise is about to begin. The rally ended and began to short until November December. Let's start our fight.
The XAU/XAG ratio rose to 82-84 but could not exceed this level.
If it falls below the $75 level, it can continue to decline to the $68 level.
In the long run; Even if $68 levels are seen, I think the target is $94.
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The long term trend on the ratio is a bull as the monthly support holds against normal dumps. Gold may be preparing for any stock market crash against the silver will be bullish.
The gold silver ratio fell below the trend, and another small five waves are expected to dominate the later days of the week. Then it is expected to reverse soon next week, and the gold silver ratio will rise for some time.
In the next few weeks, the gold silver ratio will start to rush to the top. It should be super fierce. I won't do much silver. Gold and silver are up 21.5% over 4-5 weeks, which is very fierce. If you go down directly, it is not in line with human psychology and emotion. Until I wanted to do more. The gold to silver ratio will fall. Note that gold and silver will...
Next week, the gold and silver ratio is expected to fall, and it is the last period of the first wave of decline. Next, it needs to rebound about 0.618. The lowest point may be on Friday. On that day, the moon phase also changed, which is easy to correct. Gold fell sharply last week, but silver almost didn't fall in the end, indicating that silver wants to rise...
Xauxag next, the key position is at the red line. If it can break through, it will rise explosively. If not, it will reach the peak in the medium term. Rising is almost certain to rise, but space is crucial. Breaking through the red line and not breaking through determine the fate of gold and silver.
