Loading ...Dollar Doodles
3 Lines
Upsloping line was broken to the downside and maybe the dollar is retesting from below = Bullish Gold
Downsloping Line has been breached to the Upside = Bearish Gold
Horizontal line is potential Head and Shoulders Top…which if it is symmetrical can play out for 6 months or so =
If it plays out and breaks down = Bullish for Gold
The most famous “gurus”(Armstrong,Rogers etc..) are saying Gold will go under 1000 and the US dollar will fly.
Even the ceo of Silvercrest thinks that there will be “more pain to come before a recovery”.
https://www.youtube.com/watch?v=TbNO1n4283I
Lots of newsletters on gold have turned negative on PM.
I think only a MIRACLE could change this horrible sentiment.
Most excellent chart, Sir Fully! It has “chartology” written all over it. Now we wait and see which way the wind blows.