NOW THAT KACKALA LOST WHICH OF THE FOLLOWING DO YOU MOST EXPECT
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Possible reversal pattern near term setting up on a ledge breakdown.
Gold Hourly
I’m starting to believe the dollar is heading much lower and fast. That rate hike that never came and likely won’t come for months+ to poss create quite a commodities pop. Maybe thats what gold & the miners are signaling.
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=1&mn=0&dy=0&id=p16338661464&a=425763934
I added a faint blue horizontal line for Armstrongs 2nd benchmarks. Clearly there is time for a dollar swoon to test support:
http://stockcharts.com/h-sc/ui?s=%24USD&p=M&st=1980-01-01&en=today&id=p63265645601&a=421072018
Oops, faint blue vertical line. More coffee please.
The ledge broke down. Signals reversal down at least in the near term.
I’m starting to believe the dollar is heading much lower and fast. That rate hike that never came and likely won’t come for months+ to poss create quite a commodities pop. Maybe thats what gold & the miners are signaling.
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=1&mn=0&dy=0&id=p16338661464&a=425763934
I added a faint blue horizontal line for Armstrongs 2nd benchmarks. Clearly there is time for a dollar swoon to test support:
http://stockcharts.com/h-sc/ui?s=%24USD&p=M&st=1980-01-01&en=today&id=p63265645601&a=421072018
Oops, faint blue vertical line. More coffee please.
The ledge broke down. Signals reversal down at least in the near term.