Surprise Surprise. This is a wedge I had drawn 2 weeks ago which I noticed on DXY daily. Which tells me the Dollar WILL Strengthen.The 61% FIB level takes is back to his “normal level” of 98DOLLAR STRENGHT = GOLD DOWNBut we need support from Bond Yields as well, so lets check that chart tooNotice the other wedges also maintain support/resistanc...
Read MoreWhat are the chances of this.A Backward wedge on US 10 year treasury yields - just when we are seeing signs of USD strengthening and Gold to get hammered in the medium term.Backward wedge has already broken upwards – that has been causing GOLD prices to fall – perfectly timed.Historically GOLD was not that closely correlate...
Read MoreBRENT looks good for a Buy for few days. As it is quite oversold and overstretched from its 200 period moving average. Im Long on brent. Open at 65. Target = 68 Once it reaches resistance a round 67.5/68 will be Short on Brent again.
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