DXY/XAUUSD: Terminal pattern spotted

6 months ago
It appears we'll see a forceful rally in the dollar (and a similarly fierce drop in gold             ) in the coming days. The terminal pattern on chart implies we'll reach May 30th's high in 1/3 of the time that forming the terminal triangle took, counting from August 18th's daily low.
The post pattern confirmation demands the time and price target is met, so, to be a valid terminal triangle, we need to see a really sharp move here, that will catch most people off guard.

The trade idea, in the case of DXY             , is simple, you can refer to my DXY             publication in related ideas. As for gold             , you can enter shorts at market, risking a move above 1321 in the XAUUSD             chart, which is very aggressive, but in line with the technical and fundamental key levels on chart.

Good luck!

Ivan Labrie.
6 months ago
Comment: Breaking under last week's low isn't good for USD bulls. I'd expect further downside.
4 months ago
Comment: This ratio has been quite good. Now, we can look for a long on a new daily high tomorrow.
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