nl
看多

Silver starting wave 5 on a multi year timeframe

nl  
FX:XAGUSD   白銀 / 美元
107瀏覽
1
107 1
Hi Folks and Fawks,

Many of you noticed the gold breakout of its downtrend last month, while near future still is bearish on gold , the long term projection is extremely bullish .
Looking at the Gold/Silver Price Ratio we see that the ratio is at the 80x level, this was the top in 2003 and in 2008 before the infemous pice of $48. while silver price is staying a little behind on gold this can be explained.

we could see $18 silver this week
Last week silver opened at 15.195 high 15.565 low 14.785
and after the drop following the US labor figures silver closed (just barely) above the extended lower trendline (15-12-2015 - 29-02-2016) there will be some resistance at the $18.40 level
The current gold silver ratio is 81x

weekly fundamentals:
- India (worlds 2nd largest silver importer) jewellery shops and establishments (incl. bullion markets) are shut since March 2 after finance minister Arun Jaitley announced one per cent excise duty on non-silver jewellery.

weekly technicals:
- Two weeks ago we closed with a Engulfing Bearish candle. this followed on a monthly Bullish Engulfing candle (Nov).


another event to follow closely, the shanghai gold exchange Yuan-Gold Fix (april 19th).

i will continue to update this idea on a weekly basis.
this posting is not a signal to buy or sell now, always find your perfect entry on a lower timeframe.
please don't mind the typo in the losses of wave 4. and i repositioned the text for wave 1 so it fits to the screenshot.
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出