Loading ...DOLLAR CHARTOLOGY
Some exceptionally good chartology here
Looks like a retest is likely at 95 which should give Gold an oversold bounce
But the PO of this Head and Shoulders Pattern ..which can also be viewed as a classic Cup and Handle is 102
50 dma is also strong support on this rise
Gold has also has am inverse head and shoulder or rounded bottom formation. They can’t both work out. What does tjzy tell us ? Chartology is flawed. The missing clue is time and cycles, in my opinion, along with technical indicators. The dominant gold cycle is in it’s upward phase, and the 15 year dollar cycle is heading down. Gold indicators are historically oversold, dollar indicators are high. This all adds up to suggest that the eventual resolution will be gold up, dollar down.