Wednesday, May 27, 2015

The Most Important Chart in the World -- USD, Gold and Oil

We can see that the US Dollar (as tracked by UUP) is back above its uptrend. It bounced successfully from Fibonacci support.

Visit to see more great charts.

(Updated chart)

That's plainly bullish. And gold hates a dollar rally. Though just to be a pain in the butt, the dollar opened higher today and is now fading.  Throw those chicken bones, they'll be just as predictive here.

No comments:

Post a Comment