• 13 hours Are More Stock Splits On The Horizon In The Tech Sector?
  • 17 hours How COVID-19 Could Change Elections Forever
  • 1 day Mexico Kickstarts War On Junk Food
  • 2 days How America Could Go Green Right Now
  • 3 days Russian Prestige And American Politics: The COVID Vaccine Race
  • 3 days Is The Silver Rally Over Or Just Getting Started?
  • 4 days Alibaba-Backed Tesla Competitor Set To IPO In The U.S.
  • 4 days Emerging Economies Could Get Left Behind In Race For COVID Vaccine
  • 4 days Dead Malls Could Be Amazon’s Next Target
  • 5 days Unpacking Biden's Energy Plan
  • 5 days Russia Aims To Become World's Top Gold Producer
  • 5 days Global Tech Stocks On Edge Over Trump TikTok Ban
  • 6 days Cobalt Squeeze Threatens The Electric Vehicle Boom
  • 6 days COVID Has Sparked A Surge In Cybercrime
  • 7 days Precious Metals Bulls Still Have Plenty Of Room To Run
  • 7 days The U.S. Has The Tech To Go Green, But Will It Use It?
  • 8 days Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 8 days Markets Up On Stimulus Hope
  • 9 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 9 days TikTok Takes Center Stage In US-China Tech War
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Vitali Logman

Vitali Logman

SilverStrategies.com provides news, analyses, reports and general information in a single internet destination that we hope will be invaluable to anyone with an interest in…

Contact Author

  1. Home
  2. Markets
  3. Other

Silver and $XAU Weekly Charts

On 6 year chart Silver looks very strong, all major trends are UP and intact. 2006 Spring-Summer correction holds above reasonable support lines which are matching to important 50% and 38.2% Fibonacci re-tracement levels. In a meant time price stays within the trading range between $11.00 and $13.25, however the MACD cross-over speaks in favor further price advancing...

This time we decided to use XAU/S&P500 Ratio together with EMA (Exponential Moving Average), offered by greatest StockChasrts.com, to look at the Gold & Silver Index development. The conclusions are:

- The current consolidation phase is not over yet...
- 150 and 165 resistance levels have to be broken in order to continue the major UP- trend...
- Descending Triangle sometimes is a reversal pattern, and the future development will reveal the direction within next few months, we just have watch its bounds for "breaks"...
- XAU/S&P500 Ratio and EMA compliment other indicators to identify and/or confirm current trend development..

 

Back to homepage

Leave a comment

Leave a comment