Author: Aibek Burabayev

At the end of last month both metals finished the first move up of the second, larger leg breaking below the signal line support mentioned in my last February post. And in my previous post last week I showed you how gold could help silver traders to jump ahead of the crash as silver lagged behind the gold.

Today I am going to update the charts to see what’s going on there. And the first up is the 4-hour gold chart where I would like to share with you a zoomed in picture.

Chart 1. Gold 4-Hour: CD=AB

Chart courtesy of tradingview.com

I do not usually post lower time frame charts, but this time I made an exception to show you another example of both the perfect AB/CD segments’ work and the Fibonacci ratios involved in the complex structure of any move. Besides that, it's also a perfect work of trends. Continue reading "Gold & Silver: Half Is Enough?" →

Last week, both metals triggered the signal support lines described in my previous post, therefore we are now in another consolidation phase. Let’s be patient and let the market take a pause to see what shall be further. I will update the metals charts in coming posts.

Meantime, let’s refresh the gold/silver ratio chart to see what’s going on there. I prepared three charts for you, which highlight the current snapshot of the metals, the ratio’s updated outlook and the “Risk Appetite” chart for “dessert”. Bon Appetite!

Chart 1. Gold vs Silver 4-Hour: The Strength Of The Chain Is In The Weakest Link

Chart courtesy of tradingview.com

This 4H chart above shows the “moment of crash” of the metals. Gold topped on the 27th of February and then started to shape lower highs with the trajectory of those highs highlighted in black dashed falling trendline. But that wasn’t a case for mighty silver, which has made another two higher closes on the chart ahead of severe drop on Thursday. It couldn’t resist the bearish pressure anymore as gold broke below the 1st of March low on the second day of March. Continue reading "Gold/Silver Ratio: Extended Target Points At $3059 For S&P 500" →

Everything in our world consists of uncountable invisible parts. It looks like a Great Constructor builds everything thoroughly copying and pasting the smallest parts of every single thing connecting it into something big and meaningful let it be living or non-living things.

And so are the market trends as they consist of the smallest tick trends, which are invisible on higher time frames. But when these ticks are built stable into one direction it makes a megatrend like the house is being built of small bricks. Top metals are now building an uptrend, which consists of smaller ones which I would like to highlight for you today in updated daily charts below. Continue reading "Gold & Silver: Silver Has Ace In The Hole" →