Mixed May

The precious metals of Gold and Silver saw net May changes of -$83.92 (1.8%) to $4538.94, and +$1.57 (2.1%) to $75.27 respectively. 

Gold, monthly1b

 

Silver, monthly1b

Summary

Gold: a third consecutive net monthly decline, printing a low of $4366, and recovering to $4538. Momentum weakened for a third month. The May candle is rather spiky from the 10MA. 
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Silver: a high of $89.36, cooling to $71.75, and recovering to $75.27. Momentum weakened for a third month.
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Special note...

Gold, daily

 

On Thursday (May 28th), gold saw an upside reversal from the 200dma.
Daily momentum is prone to turning positive next Mon/Tues'. 
Things turn distinctly bullish above the recent high of $4473. 
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For more of the same... > https://www.tradingsunset.com 

Bearish engulfing candles played out

The precious metals of Gold and Silver saw net April declines of -$45.60 (1.0%) to $4628.92, and -$0.88 (1.2%) to $74.16 respectively. 

Gold, monthly1b

 

Silver, monthly1b 

 

Summary

Gold: swinging from a high of $4891, and settling at $4628. The bearish engulfing March candle played out. Momentum weakened for a second month. 
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Silver: swinging from a high of $83.04, and settling at $74.16. The bearish engulfing March candle played out.  Momentum weakened for a second month.
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The gold-silver ratio settled April at 62.42. I would note the 32s have been historically important. 
On a long term basis (5+ years) silver could be expected to outperform gold. 

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With Bitcoin (as at April 30th) $76K, the gold-bitcoin ratio climbed upward to 16.49.

As ever, ratio charts should be especially treated with caution.
Price action is far more important than any ratio. 

For more of the same... > https://www.tradingsunset.com

Bearish engulfing candles

The precious metals of Gold and Silver saw net March declines of -$601.56 (11.4%) to $4676.45, and -$18.43 (19.6%) to $75.39 respectively. 

Gold, monthly1b

Silver, monthly1b 

Summary

Gold: swinging from a high of $5419 to $4098, and settling at $4676. The March candle is bearish engulfing. Momentum rolled over.
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Silver: swinging from a low of $96.38 to $60.94, and settling at $75.39. The March candle is bearish engulfing. Momentum rolled over.
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The gold-silver ratio settled March at 62.03. I would note the 32s have been historically important. 
On a long term basis (5+ years) silver could be expected to outperform gold. 

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With Bitcoin (as at March 31) $67K, the gold-bitcoin ratio climbed back upward to 14.55.

As ever, ratio charts should be especially treated with caution.
Price action is far more important than any ratio. 

For more of the same... > https://www.tradingsunset.com