Gold/Silver Ratio will Break the 375-day Triangle Pattern Soon
Gold/Silver Ratio will break the 375-day Triangle Pattern soon. There was a false breakout to the upside last week. Price couldn't break the trend line. Gold/Silver Ratio is expected to go down.
- Formed Patterns : Shooting Star Candlestick Pattern, Rising Wedge Pattern, Double Top Pattern on the momentum indicator.
- Scenario 1 : Gold/Silver Ratio quickly goes to 76 levels.
- Scenario 2 : Gold/Silver Ratio hits 81.58 and retreat to the 86. And then goes to 76.