Loading ...4 Years In The Making
GSR, Gold price and the dollar – all have been building out a basing or topping pattern since 2015. I’d suggest that gold price being held back and the GSR failing to break down has a lot to do with the Dollar breaking above a very important resistance line in late 2014/early 2015. The question now is – which of these look like they’re topping out and looks vulnerable to dropping, and which looks ready to take off ?
Hint: Here’s a bonus chart, if you’re still not sure
It’s my view that the failure of the Dollar to reach 98 over and over again is very telling. If it’s preparing to roll over, we’re about to see a big trend change.
Excellent charts and commentary. Lots to think about on this. Thanks for sharing.
Welcome, as always. It’s happened in foreign currencies – now we need the dollar to confirm a breakdown and $gold to break $1400.
I think we need one final dollar spike and corresponding gold weakness. Of course it is always possible gold will not weaken that much when $ is up for 2/3 weeks and will anticipate $ weakness next.