Gold/Silver ratio broke below the important horiz support of 63, which could mean further declines in the ratio & fresh upside in both XAUUSD & XAGUSD.
Starting from point 1 on the chart, when gold/silver ratio bottomed at 63 and rebounded from 2016 to 2019, both gold and silver fell against the US dollar.
Similar development from point 2, when gold/silver ratio bottomed at 63 and rebounded from 2021 to 2022, both gold & silver fell against the US dollar.
Latest Hot-Chart - Dec 26
Gold Next Move
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Uncertain December
The oscillating changes in market expectations for the December FOMC meeting implies more volatility into the next 4 weeks.
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