BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Broke below 3 year H & S Neckline
MACD in Negative Territory
Up against 8 Week MA resistance
Gold to outperform Oil on the upside..
Gold at Double MONTHLY Support against Oil.
Since Oil is targeting $70, Gold would fly to the MOON!
Large OI Put Strike at $50 Oil as support
Furthermore, Gold has tested and validated the Reverse H&S Neckline and 50 Day MA successfully
Validated the trend line and 50 day MA support
Oil prices are due for a recovery in terms of gold, but long term (maybe 3-5+ years out) the spread between oil and gold is pricing itself as a gold outperformer.
My prediction of 2017: OIL Will Be More Valuable Comparing to Gold in most of 2017