Gold silver ratio at historic high (84.62) Silver just had a big spike low , just above 14.00 Another spike low now with a recovery. Long at 14.16 take profit probably before US news on Sept 7 in the morning. Target 14.44 Stop under recent spike low Or for highly leveraged position under low of previous bar
Top chart is XAGUSD Underneath XAUXAG
Note that I have used pitchforks to show the slope and related Fibonacci lines. They are not standard Pitchforks.
XAUXAG is losing momentum. We may see a final push up next week.
If a top is in then my metals strategy for the next few weeks would be long with silver and short with gold (maybe from 1220 and 1234)
Note that I have used pitchforks to show the slope and related Fibonacci lines. They are not standard Pitchforks.
XAUXAG is losing momentum. We may see a final push up next week.
If a top is in then my metals strategy for the next few weeks would be long with silver and short with gold (maybe from 1220 and 1234)