Loading ...Dollar Forked
As always …just stirring the pot.
Today was very bullish for Gold IMO….loved the action all over the sector
BUT The dollar is now approaching strong support and is due for a YCL as we all know
This Fork has surprised me.
You can still see the dotted line behind the price (red) where |I was musing about this fork a while back
And lo and behold it followed as exactly as can be.
Now with everybody bearish the dollar what does Mr. Market have up his sleave ?
Commercials are heavy long USD
Fully, I have very little experience with forks however, I just recreated the above chart except in Log Scale and its showing a BO to the bottom. Does a none Log Scale chart produce a more accurate fork result? Thanks
Log and Linear are both valid formats. This is an art as much as a a science.
If you can produce a good looking chart in either format it is valid imo
Generally we use Liner for daily …Log makes sense for longer timeframes ( Monthly)
OK, got it. I dont want to clutter up the news feed with a bunch of post however, I may go ahead and post both the weekly and monthly anyway. I would like some feed back to know if I created them correctly.
I am with Spock on USD. USD has a date with weekly 200 ma @ 92+ before any relief rally
Well we just hit the 200 exponential ma…92 is not far from here anyhow
This chart sure is peerrrrty. Would love to see it pan out.
Sam will soon be UBER bearish (again) on the $ after (further drop) then a larger bounce.
Sam will soon be UBER bullish on PMs for c of B up after a (further brief rise) and then dip.
I’ll post charts in several weeks ahead of the big turns.