Not much to add. It’s down to sideways at best for the rest of the year if we can manage to close below 103 this week.
The next logical target for me is the 200 WMA around 100.2. If it continues lower from there it’s got a massive amount of room if it wants to crash. Maybe 88 is the decent target in that scenario?
Not much to add. It’s down to sideways at best for the rest of the year if we can manage to close below 103 this week.
The next logical target for me is the 200 WMA around 100.2. If it continues lower from there it’s got a massive amount of room if it wants to crash. Maybe 88 is the decent target in that scenario?
Thank you, Sir Nautilus.
What is your time frame for the move to 88?
If DXY goes to 88, gold will likely be above 3500 or 4000 even higher as the price chasing will be in full swing.
Here’s another chart from March 2024
https://twitter.com/CyclesFan/status/1763616749893656578/photo/1
And then there’s this 2019 missive from Ron Rosen
http://www.321gold.com/editorials/rosen/rosen122619.pdf
GL