Gold/Silver ratio on its way to 88.

2020年6月25日

The chart suggests that the correction will continue untill it reaches its long-term support running from 2011. It is quite logical that this will follow after the washout experienced by precious metals in March causing this anomaly when silver lost about 50% of its value in terms of gold. I am expecting the ratio to be equal to 88 by early July. This implies a bullish market for gold and silver, where XAGUSD will outperform. Lookout for updates regarding silver, we will see some interesting price targets and nice trading opportunities.

2020年6月26日

交易進行

Target could be reached by June 29th. When the ratio reaches 94.70 - the previous low, I will use the profit from my current position to pyramid and open another position.

2020年7月13日

交易進行

94.70 sell stop activated, added to our current position.

2020年7月17日

註釋

Silver looking very very strong. Target to be reached soon.

2020年7月21日

交易結束：目標達成

It has reached the line of support.