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XAUXAG trade ideas

$40 Silver in Sight? BofA Says Yes The Gold-Silver Ratio (XAU/XAG) measures how many ounces of silver are needed to purchase one ounce of gold, providing a clear example of the relative performance of each metal. Bank of America (BofA) has argued there could be an opportunity to short gold against silver at its current ratio of 83.50, targeting a move down to 78.50 or 75.00, with an upside stop at 87.50. A decline in the ratio can occur either if silver rises faster than gold or if gold falls more sharply than silver. BofA’s 2024 gold price targets of $2,368, $2,538, and $2,643 have already been hit, with the next target set around $2,733. However, the bank advises caution on gold, instead hinting traders could focus on silver, which is nearing eleven-year highs. According to the bank, the ratio recently formed a double top, signaling a bullish outlook for silver. Silver’s potential upside targets range between $36.02 and $40.
OANDA:XAUXAG
by BlackBull_Markets
GSR is prepared to move down.We are right at the trendline. I expect a sharp move down, this month/ next month. This plays well with Silver chart ( it has inverted head and shoulders pattern). If GSR goes above 84 with momentum, it would be better to stand aside for a moment (actually i wouldnt be surprised if we visit 84-85 on the weekly, and close it at 83 or lower, that would create gravestone doji candle) . But im definately keeping an eye on silver. Huge opportunity coming in my view.
OANDA:XAUXAGShort
by GabrielK5
ShortIf you can't see the gold and silver, then the gold and silver ratio shows the standard 5 wave falling model very well. At present, the four wave callback has ended. Then start 5 waves. In addition, after the end of the five waves, there may be a big rebound, and a second wave rebound of a higher level. To tell the truth, there are too many bad people in the world today. The far left communism has spread all over the world and has extended its tentacles to the leader countries of the democratic camp. They let Biden come to power with a dementia. Without saving the United States, they will soon become the second China.At that time, it was really the tragedy of the world. All the people would become sad slaves.
OANDA:XAUXAGShort
by Freedom_CN
2
XAU/XAG-IMPORTANT MOVEMENTS-MONTLY‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends) But the length of daily and 4-hour trends is very short. That's why we need to constantly update our short-term analyzes. Today we will continue our gold and silver analysis. 💸Macroeconomic Overview FED's hard interest rate hikes, along with precious metals, caused a general decline in the commodity market. However, it is not possible for commodity prices to return to their normal prices very quickly, including oil . Therefore, I do not expect any relaxation in the FED's interest rate policy. In general, my expectation is that interest rates will lag behind inflation for a long time. 💥Monthly Gold silver ratio is an important chart. In the past years, we have witnessed a long-term rise. XAU/XAG showed an increase from $ 30 to $ 130. (5 waves-impulse waves) We can interpret this rise as a 5-wave impulse wave according to the elliot wave pattern. .After this rise, there was a sharp decline in favor of silver. According to the technical analysis, this can be interpreted as a correction of the previous bearish movement. (A decline) Now, I think we are in the B rise. At the 93-102 resistance levels, I expect the current situation to turn in favor of silver again.
OANDA:XAUXAGShort
by ICE-Forex
2
XAU/XAG-IMPORTANT MOVEMENTS-WEEKLY.‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends) But the length of daily and 4-hour trends is very short. That's why we need to constantly update our short-term analyzes. Today we will continue our gold and silver analysis. 💸Macroeconomic Overview FED's hard interest rate hikes, along with precious metals, caused a general decline in the commodity market. However, it is not possible for commodity prices to return to their normal prices very quickly, including oil. Therefore, I do not expect any relaxation in the FED's interest rate policy. In general, my expectation is that interest rates will lag behind inflation for a long time. 💥Weekly On the weekly chart, we can better observe the reverse shoulder head pattern. The target of this pattern is around $102. However, the price received a strong downward reaction from the $93 resistance. The purple ascending trendline is a support for the price.
OANDA:XAUXAGShort
by ICE-Forex
XAU/XAG-IMPORTANT MOVEMENTS-DAILY‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends) But the length of daily and 4-hour trends is very short. That's why we need to constantly update our short-term analyzes. Today we will continue our gold and silver analysis. 💸Macroeconomic Overview FED's hard interest rate hikes, along with precious metals, caused a general decline in the commodity market. However, it is not possible for commodity prices to return to their normal prices very quickly, including oil. Therefore, I do not expect any relaxation in the FED's interest rate policy. In general, my expectation is that interest rates will lag behind inflation for a long time. 💥Daily When we examine the price chart on a daily basis, the 86.100 level is in the support position. The price fell hard from the 93 resistance and broke the yellow trend line downwards. After the price rises a little, it may want to withdraw to the purple trend support.
OANDA:XAUXAG
by ICE-Forex