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.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.