chefdrewmem

lets talk reality

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
gold drops 20 dollars on a .3 move by DXY but hardly recovers as DXY doesnt even touch resistance before getting tired. that would suggest the move by gold was predetermined and not inverse the dollar. We also see markets opening red for the third consecutive day where analysts claim gold is not a "safe haven" yet the dollar isnt entirely bullish either. Oil is also topping out and typically gold would follow the strength of oil against the dollar but again the dollar isnt looking like much more than a piece of paper at the moment especially now that wages are at all time highs as well as labor force which would imply a strong economy as well as exceptional expenses which spells Bubble. we see the market telling us the economy is getting sick and we continue to pump into this so that the impending crash will be incredibly violent. I see a slow reversal that is already beginning and into a full on recession in 12 months.
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