Gold, Silver, GDX chart review April 24th @ 17:30pst

The monthly chart of Gold has printed 4 green (bullish) heikin ashi bars, but they are getting shorter in length.
The black line is the 100 month moving average and may be providing some resistance along with the previous high.
Stochastics have made it's way to the overbought area of 80 which can be seen as a pivot point, up may embed and down may cycle to the bottom again?

The weekly chart shows the consolidation pattern that it has been in for 2018.
Resistance is clearly at the 1375 level.
It is over the 100 week ma which is a positive sign.
Stochastics have rolled over and heading lower, will the price follow?
The ascending wedge will typically break either up or down...

The daily chart shows more detail of the closing wedge formation, it will typically break one way before it reaches the end. May or June timeframe?
It is above the 200 dma which is a positive sign.

This is a weekly line chart from 2009 of Gold (gold) and the US Dollar Index (Green) and you can see their opposing relationship.
You can see that the US Dollar has been slipping since the start of 2017 and it may continue through 2018. If so, Gold and the other commodities should be the beneficiaries.

This is the US Dollar Index since 2008 with support lines drawn in.
The ~91 area is the last support zone and if that is pierced, look for support near 85.

The weekly Silver chart depicts the tight trading range. Gold will need to move one way or another before Silver moves.
Silver is used in so many products that I am surprised that demand is not outweighing supply.

The Gold/Silver miners ETF, GDX is in a similar trading range as Silver. The crypto market is much more interesting, so some traders may have bailed on the precious metals sector. The only trading left my be the HFT's of Goldman Sachs and JPM...

The highest Marketcap for the crypto space was 829 billion. I read an article which mentioned that there was 171 tons of Gold in 2013. Times that by 32k ounces per ton and you have 5.48 billion ounces above ground. At $1300 an ounce, that is a marketcap of over $7 trillion.

Bitcoin will have a maximum supply of 21 million which is quite a bit less than the amount of Gold when you count by the ounce. So is that why BTC is at $9k and Gold at $1300?

In the past when people wanted a safe haven to guard against inflation and the debasement of currency, they turned to Gold. In 2016/17, many people turned to BTC as it 'may' have been easier to obtain. Some countries have limitations on the amount of Gold that you can aquire and BTC had no limitations. The government also did not know you had any either which is a big plus.

With 800 billion going into crytpo, that is 800 billion that did not go into precious metals. That amount of money would have pushed the price higher, but by how much?

Going forward, I do think that BTC will continue to out gain Gold in price appreciation. There are 7 billion people in the world and (eventually) 21 M bitcoin...