$XAG Catchingt Up To $XAU? | $Gold $NUGT $JNUG #forex

Target from 27 OCT 2014 defined as target-extreme at 79.81 was finally hit with a significant doji. A decline from this level suggest a probable rallying in XAG pricing relative to XAU.


LOOKING AT IT FROM THE XAUUSD PERSPECTIVE:

In this following XAU 4-hour chart, price did reach the predictive extreme bearish target, and managed to carve structural lows. Since then, a rallying has occurred, as price surpassed the prior bearish target. Look for a continued ascent here:

- tradingview.com/v/RLeXdUp3/


In this following WEEKLY chart, 1240.23 remains the test to confirm a bullish market conversion on the basis of structural level:

- tradingview.com/v/bmSQEDux/


On a finer granular level relative to that weekly chart above, this 4-hour chart suggests a near-it of the 1-4 Take-Profit line. Considering the recent price action, I would guard against any bearish expectation here:

- tradingview.com/v/tTUfddMD/


LOOKING AT IT FROM THE XAGUSD PERSPECTIVE:

While the XAUUSD charts point to a rallying in XAU against the relative strength decline in the XAU vs. XAG chart, then I would expect a relative strengthening of the XAG against the XAU.

This suggests that this following chart might have run its course, if this relative strength expectation were to materialize:

- tradingview.com/v/4gJJTYg1/


OVERALL:

A high-probability reversal exists in the strengthening of both metals, with a technical favor conferred to XAG over XAU, as far as recovery goes.

Stay tuned!


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA

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Twitter: 4xForecaster
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