WaveTrack International

Elliott Wave Financial Price Forecasting

Gold – Silver Ratio (Elliott Wave Update)

by WaveTrack International| June 23, 2015 | No Comments

150623_gold_silver

The advance that began from the mid-May ’15 low of 69.09 is taking the form of a five wave expanding-impulse pattern, labelled [i]-[ii]-[iii]-[iv]-[v] in minuette degree. The ratio might be already completed its advance into the recent high of 74.52, although a higher high is still possible. Despite this however, the pattern development looks very mature and soon we do expect a balancing phase to begin with downside objectives measured towards 71.75-71.15+/-. This means that the gold – silver relationship will change – silver is expected to outperform relative to gold for the next few weeks.

Category: Commodities, Elliott Wave, Elliott Wave Charts, Elliott Wave Patterns, Elliott Wave Principle, fib-price-ratio, Gold, Silver, WaveTrack International

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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