$USD Dollar Index chart analysis ;1) Current pattern suggest that a "huge move is on its way"
2) Current events (Greece, Portugal, etc ....) confirms the potential break out
3) Add the situation in Thailand .....
4) Shangai index keeps on dropping .....
5) The $USD Dollar is now a safe heaven
6) Abnormal situation ? Gold ..... meaning ? One of them has to snap ; Gold or the Dollar ?
We shall soon find out ....
4 comments:
of course, USD index will fall...I knew you sorta dislike gold...however, I love your analysis though. don't yu realise that gold chart is presented itself as reversed head-shoulder P? and dollar will be devaulated 30-50% this year? USD index, 84 or some, period.
are SET index Thailand face ABC pattern? we have more more news now and a big swing chart .
thanks
According to my prediction model, gold needs to move at least to 1180. At that point, it can begin to move back down, and can move hard. We're already seeing weakness in Silver possibly. Still think, however, that we have some time before S&P comes crashing down. Another week maybe?
dg
I can not believe with all what happens in Europe, the US$ is still trading above 1.30 € !!!
Moïse, please, come back on earth and open your eyes. Something is not turning right with the US and their currency .
You were expected a gold crash, it never came. You said US$ is safe heaven now, not what my charts concerns.
Moïse, I think you should turn on the sound of your TV, hear how bad things are in Europe and how fast the US economy is rebounding, and then say to yourself: "hey , wait a minute, that's not what the charts show".
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