- September 3, 2020
- Posted by: Tradingshot Articles
- Category: Commodities
Another simple study of mine looking at the pressure point of the Gold/ Silver ratio.
As you see since 1980s, every time GC/SI reaches the 0.5 Fibonacci retracement level, whether it is on a mini wave or hyper wave, the price rebounds strongly and for many years.
If the current wave is mini or hyper it is up to you to decide and set your target accordingly but most likely once contact will be made with the 0.5 Fib again, Gold is likely to outperform Silver for at least 5 years.
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