Loading ...The Euro is TOAST!
Very High Probability we see 80ish and Soon !
Never Ever Doubt a Head and Shoulders Top which is this Obvious ! It looks like a Duck …its a DUCK
FBO ?….no no no !
This is a classic pattern . When the H and S broke down that was IT for Gold and this piece of crap called the Euro
This Halfway pattern is now history ! We didn’t even get a backtest of the neckline.
If that’s the case fully as the chart suggests…metals have had it too further confirmation right there. 57% ish of dollar basket I think?
Egg Zacktly
I know enough about charts to believe the target yet at the same time it makes no sense to me how the dollar is going to rise that much further. But here it is climbing anyhow. Don’t stand in the way!
The Euro has awful fundamentals for the foreseeable future…while the USA is doing fine.
The question is why does Gold have to follow the Euro to oblivian
I can’t understand how commodities can hang on while the dollar rises to poss 115, 120, or who knows where. Oil is hanging on for now but appears to be under some serious pressure. But the simple answer to that question is: I don’t believe gold will follow the path of the euro if it does sink to 80. But I wont stand in the way if it does!