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Silver down, Euro down, Yuan up, US stocks up, Dax up, 10yr US bond up. crossing the 20 day m.a with the 26 m.a
will validate a further drop of the price. also breaking 1200 will confirm that movement for intraday
1. For the long run:, EURUSD can reach 2.0 level in the next 10 years .
2. For the short run: The correction is almost done. Uptrend can start around 1.12-1.13 range.
3. The next resistance can be around 1.40 in 2019.
The US Dollar Index has been stuck in a rut. Since mid-May it has moved mainly sideways. Bouncing back and forth in consolidation, like it is bouncing off of the walls of a jail cell. The top of the consolidation is at the November high, a spot it just can’t seem to get over.
But the chart below suggests there may be a jailbreak soon. There are several thing to...
Although gold futures finished fractionally higher on the day, it has closed lower on the week. This now marks the fourth consecutive week in which gold futures have closed lower and below the open on Monday. When we look at a weekly candlestick chart, we can see that even though gold closed, in essence, unchanged, it is a red colored candle indicating the close...
Even with the strength of the US Dollar , Gold is attempting to hold above 1210 which coincides with a key Fibonacci level on the chart. I know my charts seem cluttered, but this is a lot of Fibonacci, Time/price cycles, Tesla Vibrational theory and other analysis tools on one chart.
Pay attention to the 1210 level right now because I believe this will play out...