The broad topping pattern is occurring in the dollar, not the stock market
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The broad topping pattern is occurring in the dollar, not the stock market
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Notice the dollar has not been able to regain the 200 day moving average and the 200 is starting to turn down. That’s not a good sign if one is a dollar bull.
Thanks Gary
Interesting the range of opinions about Brexit. Some are predicting a mjor downmove in all markets, and a move to the dollar if there is a leave vote. While others are saying the effect will be very short term with small movements. Ahh if only my crystal ball was working. Next week should see big movements, question is which way.
might all be dependent on the weather on Brexit polling day to determine who gets out to vote…
Gold looks like it’s retesting the 1200-1220 area again. That’s where the 200 ma is at. It has tested 200 Ema. But not SMA.
The dollar is crashing tonight. It’s going to be tough to keep gold down as the dollar collapses this summer.
maybe market manipulators have a plan for the gold/dollar case…, as you Gary said if it’s too evident and everyone knows – do the opposite.
fingers crossed