This is good for gold, we closed above $1174, another couple of days then we know for sure. Silver had a strong move!
Are you now saying that the dollar should be correcting for the next 4-6 weeks due to and “intermediate degree trend”? The dollar has been going up, uncorrected, since it’s bottom in May 2014. How can that be explained in terms of cycles when there doesn’t appear to be any such patterns? This cycle thing seems to be very flexible and therefore unreliable. What am I missing?
Yes the trend in currencies has been very strong, stretching not only the daily, but also the intermediate cycles, but nothing moves in a straight line forever and at some point there is always a counter trend move. In my opinion that counter trend move has begun.
$usd is dropping..
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