I think we saw peak sentiment in Gold already and the dollar is likely reaching a bottom here. Upside is a retest of the distribution level from where this move down started.
Keep an eye out for signs of Dollar strength in different pairs. Perhaps we might see relative strength in US equities vs Europe as well, and bonds vs European ones.
Any sign of strength can be a good long entry here soon.
Cheers,
Ivan Labrie.
Keep an eye out for signs of Dollar strength in different pairs. Perhaps we might see relative strength in US equities vs Europe as well, and bonds vs European ones.
Any sign of strength can be a good long entry here soon.
Cheers,
Ivan Labrie.
Comment:
The dollar bottomed:
Trade closed manually:
Looks like gold is not yet peaking. The dollar is likely to move lower for longer or at least not up.
Trade active:
Chart looks like the bottom finally materialized.
Chart looks like the bottom finally materialized.
Trade closed manually:
Time is running out for $DXY to rally back to the weekly mode that expired
s3.amazonaws.com/tra...shots/q/QxXkweda.png
might drop once more here before rallying again by late Sep/early Oct.
s3.amazonaws.com/tra...shots/q/QxXkweda.png
might drop once more here before rallying again by late Sep/early Oct.
Trade active:
I think we are seeing a reversal in the dollar at last.
I think we are seeing a reversal in the dollar at last.
Comment:
(Late Sep)
