GOLD FORECAST 2020 – SILVER – GOLD/SILVER RATIO 14-21 Febr
Gold Price Forecast relative to
Long Term Monthly (LT-M)
Medium Term Weekly (MT-W)
Short Term Daily (ST-D)
and Hourly (not shown) data
(Previous week in brackets)
Gold/USD | LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
1583 (1569) | ||||||
Trend | ↑ (↑) | ↑ (↑) | ↑ (↑) | |||
% Risk Weight |
90 (88) | 80 (77) | 60 (35) | |||
Allocation | 100% (100%) |
Gold/USD live price
Last week: Corona or some other median trader emotion feel took Gold, and other commodity assets, down just over 3% to 1547 before recovering to 1569 at the end of the trading week. The Daily risk weight dropped into a bullish divergence versus Weekly and Monthly with all time frames in a fairly narrow risk weight uptrend. Gold appears to be developing a triangle pause between 1600 and 1540 with apex at the end of Febr – early March. We stay fully allocated
Weekly Silver Price Risk Analysis Forecast
(Previous week in brackets)
Silver/USD | LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
17.71 (17.67) | ||||||
Trend | ↑ (↑) | ↓ (↓) | ↑ (↑) | |||
% Risk Weight |
66 (66) | 56 (61) | 27 (31) | |||
Allocation | 100% (100%) |
Silver/USD live price
Last week: Silver suffered a little more than gold but holds the same risk image as Gold except the weekly mid term risk weight is in a narrow downtrend. The Gold/Silver ratio is mixed and is not indicative of an imminent explosion of Silver upwards. We stay with our full allocation
Weekly Gold/Silver Ratio Price Risk Analysis Forecast
(Previous week in brackets)
GOLD/SILVER Ratio | LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
88.49 (87.93) | ||||||
Trend | ↑ (↑) | ↑ (↑) | ↑ (↓) | |||
% Risk Weight |
52 (51) | 74 (70) | 78 (57) | |||
Allocation | 50/50 AU/AG (50/50 AU/AG) |
Gold/Silver Ratio live price
Last week: The upward trend in the ratio may not yet have finished. The picture is that of the USD Index and fighting the inevitable outcome of substantial weakness. We need patience. With Monthly at mid range neutral level in an uptrend lags the shorter term Weekly that now looks to develop bearish risk/price divergence in its own timeframe. We remain evenly to slight overweight silver positioned between Gold and Silver with full allocation
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