GOLD & SILVER Short idea
Hi,
We have an interesting bearish idea with the metals GOLD & SILVER. Being highly correlated we are able to extract confirming bearish signals of a turn next week. Price action shows selling pressure is greatest in Silver ( The Divergence Circle ) creating a vacuum against the yellow dashed horizontal line where GOLD has closed the GAP against the same line. Apart from this the same can be observed on the horizontal plane with Silver failing to reach the yellow diagonal frequency line showing greater selling pressure as compared to GOLD. We also have multiple Timing confluences ( Including ASTRO ) which has squared with Price on the same "Signal" candle of GOLD & SILVER last Friday. This however is beyond the scope of this analysis. Also note we have news next week pointing to a possible bigger move than average.
We have an interesting bearish idea with the metals GOLD & SILVER. Being highly correlated we are able to extract confirming bearish signals of a turn next week. Price action shows selling pressure is greatest in Silver ( The Divergence Circle ) creating a vacuum against the yellow dashed horizontal line where GOLD has closed the GAP against the same line. Apart from this the same can be observed on the horizontal plane with Silver failing to reach the yellow diagonal frequency line showing greater selling pressure as compared to GOLD. We also have multiple Timing confluences ( Including ASTRO ) which has squared with Price on the same "Signal" candle of GOLD & SILVER last Friday. This however is beyond the scope of this analysis. Also note we have news next week pointing to a possible bigger move than average.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.