Goldtent TA Paradise

Dollar Index

1. Chartsmaster says:

   June 25, 2021 - 9:03 am at 9:03 am

   Thanks for the chart FGC. And EVEN IF it breaks the down trend line, where is it going to, maybe 95-96? Annoying, but nothing meaningful!

2. Silverhawk says:

   June 25, 2021 - 10:12 am at 10:12 am

   Every PM chart I’m looking at is bear flagging currently. UUP is in a bull flag. No Bueno.

   https://www.screencast.com/t/kcGLtSKZ

   • Fullgoldcrown says:

     June 25, 2021 - 11:22 am at 11:22 am

     Hi Sir Hawk….as you know

     It’s Not a Bull or Bear Flag until it breaks out….just “potential”

     Odds favor a Continuation of the trend however.

     So the Jury is OUT

     • Silverhawk says:

       June 25, 2021 - 11:26 am at 11:26 am

       agreed! Weak action leads me to think we keep going down, but my gut is those bear flag targets are too deep and we reverse on a false break down

     • Leftenant1 says:

       June 25, 2021 - 1:05 pm at 1:05 pm

       The USD looks like a triangle which is going to break out to the upside.

3. pedro_deleon says:

   June 25, 2021 - 11:46 am at 11:46 am

   Hope this is kosher to post here.
   A week ago or so, in responding to Nautilus I think, I remarked that Plunger was also on board the BMR thesis back when it started. He may have adjusted his thinking somewhere along the way that I didn’t catch. But he posted this from Italy yesterday I think, confirming my remarks on his view … with a twist.

   “what I see is that my original analysis put forth in early March was correct, that is we were kicking off a mid interval BMR that would last 2-3 months. In the end I got sucked in with all the rest. (should have known better, initially I did know better) But this was an absolute classic BMR. I will analyze it when I return.”