Let's check out the US dollar again. It sure looks like the mighty greenback is forming a head-and-shoulders top. We'd need to see a confirmed close down through the neckline for this to be true. Don't jump the gun.

(Updated chart)
I will point out that gold is already reacting positively to the dollar's decline. Oil, not so much.
(Updated chart)
I will point out that gold is already reacting positively to the dollar's decline. Oil, not so much.
No comments:
Post a Comment