Gold is in a downtrend: Mapping support levels
Gold is showing signs of an intermediate term downtrend, whereas silver has no signal of further continuation of the downtrend it began since the commodities boom in 2011.
The Silver/Gold ratio chart also shows an interesting level in effect, and a possible bottom, meaning it might be time to exchange our gold for silver...
As a sidenote, the usdollar/dxy chart is showing possible signs of an uptrend continuation of at least 6 weeks, so it's fairly possible that this forecast will be accurate. Intermediate term dollar strength before any meaningful reversal in gold.
I'll expand this post with a short term gold sell signal as well.
Cheers,
Ivan.
The Silver/Gold ratio chart also shows an interesting level in effect, and a possible bottom, meaning it might be time to exchange our gold for silver...
As a sidenote, the usdollar/dxy chart is showing possible signs of an uptrend continuation of at least 6 weeks, so it's fairly possible that this forecast will be accurate. Intermediate term dollar strength before any meaningful reversal in gold.
I'll expand this post with a short term gold sell signal as well.
Cheers,
Ivan.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。