GOLDSILVER trade ideas
Gold/Silver ratio critical pointas you can see in the Gold/Silver ration chat, there are and golden fibo support at 0.618 and also trend line and the effort of Rabin hood group in social media to moving up the silver price and passing from this critical point deems on next week we have a surprised news from silver
GOLD / SILVERHere is a "ridiculous" gold/silver ratio chart .. We know markets love extremes, so it is perfectly "normal" for a swing in one direction (gold/silver = 120) to swing in the other direction (gold/silver=25) .. so even though it is ridiculous for a rational mind to expect gold +$2400 and silver +$110 by May, that is what the chart says ..
I could try to rationalize it:
- money temporarily leaving crypto currencies (gold/bitcoin ratio chart suggests the same)
- money leaving stock market - optimism has reached ridiculous^2 levels (I expect flash crash into March/April)
- or horde hordes of retail investors after running out of small stocks to melt up will melt up silver for a change ..
only time will tell.
GOLD SILVER RATIO PROJECTION 52.2We have almost reached the 0.618 fibonacci level of 68.07.
I think we will retrace back to the 0.786 fibonacci level at 52.2.
My long term gold target is $2354. At a gold/silver ratio of 52.2, silver would be around $45.
LTC/BTC and Gold/Silver RatiosI just figured it out how Crypto market works! It refers to regular market for hints! Use Silver/Gold to LTC/BTC proportions to identify when hew LTC will reach new ATH! Rest low cap coins will simply follow LTC move. That's it!
Gold / Silver Ratio - Triangle Coming to a close ? vs DXYGold / Silver Ratio - Triangle Coming to a close ? vs DXY
buy silver ! xau can reach 2500 dollar and in this growth silver can reach 50 dollar !
it can be better investment :-)
GOLD Short term move with longer term perspective - 28/Oct/2020Hello Traders,
Hope you all are doing good!!
As i explained in my earlier post for GOLD, GOLD traded between 1895-1932 range for around a week.
Finally G:S is broken above the 80 level and also from the month old trend line which moved GOLD further down to 1880 level.
Now after this strong break above of G:S, i expect it to retest the broken level & hence, GOLD might be going to retest 1895 level before moving further downwards.
There is also a probability for GOLD to retest even further till 1903 level, hence, we must watch the price action around 1895 level.
On medium term, i expect price to test the recent lows at 1850 level, and held for quiet a time between 1850 & 1880 levels.
On longer term, if 1850 level broken below, i expect price to test the 1750 & then 1700 levels.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Gold/Silver Ratio Breaking outGold/Silver Ratio breaking out from falling resistance. This signals change in the trend for risk appetite in metals if it holds, as gold outperforms silver in this regime. $GLD $SLV
