Sunday, October 02, 2011 8:48:50 AM
USD - Rally to $102.00? Don't Laugh:
Gold peaked and reached our second technical target with no less than a twizzer top to clearly herald a subsequent drop.
At the same time, a Gartley pattern has formed on the long term 15-Year, Monthly $USD, with a BULLISH Line-Up from the 5,145-Slow Stochastics and no less impressive than a double-bottom signal from the RSI right at its bullish level of 40. Could there be anything more loud and clear?
This scenario may become more plausible if the USD breaks above $82.7. The current candle shot right at the 38.2% of recent rally, thus favoring a continuation of the (major) downtrend. However, a push above the $82.70 level would give the earliest indication of a serious trend reversal, and the Gartley pattern could provide a reliable trajectory path going forward.
Highly premature and speculative?
- Yes.
Ridiculous?
- No.
013 - $USD - 15-Year, MONTHLY Chart - 12 SEP 08
012 - $GOLD - 20-Year, Monthly Chart - 23 FEB 2010
- Dalcindo
Gold peaked and reached our second technical target with no less than a twizzer top to clearly herald a subsequent drop.
At the same time, a Gartley pattern has formed on the long term 15-Year, Monthly $USD, with a BULLISH Line-Up from the 5,145-Slow Stochastics and no less impressive than a double-bottom signal from the RSI right at its bullish level of 40. Could there be anything more loud and clear?
This scenario may become more plausible if the USD breaks above $82.7. The current candle shot right at the 38.2% of recent rally, thus favoring a continuation of the (major) downtrend. However, a push above the $82.70 level would give the earliest indication of a serious trend reversal, and the Gartley pattern could provide a reliable trajectory path going forward.
Highly premature and speculative?
- Yes.
Ridiculous?
- No.
013 - $USD - 15-Year, MONTHLY Chart - 12 SEP 08
012 - $GOLD - 20-Year, Monthly Chart - 23 FEB 2010
- Dalcindo
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