Monday, July 31, 2017

Gold & Silver Ratio could be creating very bullish pattern!

Published here: http://www.zerohedge.com/news/2017-07-31/gold-silver-ratio-could-be-creating-very-bullish-pattern

spinning top for kimble charting solutions metals post

Below looks at the Gold Futures/Silver Futures ratio over the past decade. The ratio bottomed in 2011 and started moving higher, sending a bearish message to both Gold & Silver. The ratio has rallied since the 2011 lows, where it could be creating a “topping pattern” over the past couple of years.

 

chart ratio of Gold futures silver futures kimble charting solutions

CLICK ON CHART TO ENLARGE

The long-term trend in the ratio remains up since 2011, which is hard on metals. Over the past couple of years, the ratio could be forming a head & shoulders topping pattern, with the head taking place at the highs back in 2008. The short-term rally of late, could have completed the right shoulder, of this pattern at (2).

If this would happen to be a topping pattern, what it does at (3) becomes very important for both Gold & Silver bulls. Metals bulls want to see this ratio break support at (3) and head lower. If the ratio would break support, historically Gold, Silver and Miners would attract buyers.

If staying on top of pattern in Gold, Silver, Copper and Miners is of interest to you, we would be honored if you were a Premium or Metals members, as charts like this are shared each week with these members.

 

 

from Kimble Charting Solutions.  We strive to produce concise, timely and actionable chart pattern analysis to save people time, improve your decion-making and results

Send us an email if you would like to see sample reports or a trial period to test drive our Premium or Weekly Research

 

Website: KIMBLECHARTINGSOLUTIONS.COM

 

Questions: Email services@kimblechartingsolutions.com or call us toll free 877-721-7217 international 714-941-9381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


0 comments:

Post a Comment