Loading ...PM’s Jump as USD Dumps
PM’s are going to the moon here if what I think is a new Intermediate Cycle for the USD has topped already. The USD, however is also in the timing band were we often see a Half Cycle Low (Half Trading Cycle Low).
It also found support at a very curious spot today at my lower fork. Gold and Silver backtested their recent breakdown below their respective TC uptrend lines and the Miners did not break above my red downtrend line either.
Let us see what tomorrow brings.
USD Chart:
Gold Backtesting:
Silver Backtesting:
GDX Testing top red line:
