- April 26, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
The Silver/ Gold ratio on the 1W time-frame shows the price trading within a Triangle pattern, with the price almost reaching the top two weeks ago and currently getting rejected. On the long-term, the break-out of this pattern will determine the next trend so be prepared but as long as it holds, then Gold (XAUUSD) should outperform Silver (XAGUSD) within the next two months. The MACD also supports that scenario as it is at a similar level it was on the February 22 2021 High.