In this chart I conducted a very detailed time at mode analysis of the monthly chart in gold, adjusted by the world's investor's perception of the dollar to give us a clearer indication of its value. Right now, the chart suggests gold might have bottomed in the intermediate to long term. This is by no means a small claim, I know, but the technicals on chart are a powerful indication of a big paradigm shift here. I'll look for bearish dollar setups from now on, I suggest you do it too. Make sure to follow me at collective2, if you're interested of leveraging my technical insights. Details are in my profile, as well as links to my track record as an analyst, forecaster and trader.
Cheers,
Ivan Labrie Time at Mode FX
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On track, analysis is valid so far. Dollar peaked for 2015.
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Gold is holding its own, like most commodities, but even outperforming the index.
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We have hit the 12 month mode support. I think this is really the bottom for a long time.
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Gold continues to be weak, failed rally is very bearish. We will resume the march down to my lower targets in the related ideas.
Your best is all that is required :) much respect to you and your mentor
Nick_C_
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That took me a while to read through, so I know it took a long time to make.. Top notch work as usual!
IvanLabrie
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Thanks, now let's go make some $ out of these moves.
albertwt
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Yes, I agree, Ivan idea is always fascinating.
IvanLabrie
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I'll update this one.
albertwt
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Hi Ivan,
Is there any plan to update this chart ?
I'm intersted to know if there is any correlation between DXY or maybe VIX with XAUUSD chart movement.
Thanks,
IvanLabrie
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This chart also implies the dollar has topped here. Potentially.