Loading ...2% – The Magic Of Numbers
If the Dollar Index rises 2% that takes us to DXY 100 and solid resistance. A corresponding 2% fall in gold would take us to, wait for it…drumroll please…(taking $1280 as your starting price)…$1254.40 – that’s within a couple of Dollars of where we find our .236 Fib retracement, 200 day moving average and (very soon) our curved base support. Is it just me, or is it all coming together ?
Anyone else think Gold is leaving the station – right now
Time may be coming to haunt the Dollar, but time is at our backs in the PM markets. Whether or not we test the $1250 region is largely irrelevant in my view. The trend for PM’s is up (in my opinion).
I agree. I think this is either a move – OR a backtest to that 1280 neckline before a final plunge to the ICL and off we go for good.
I think we’re in a new DC
Which should be a new IC
So up for the next 4 weeks or so ?
Last IC which began during the week of 13 Aug didn’t top for 25 weeks.
http://schrts.co/EFemsIJw