This is a compliment to my analysis for Gold.
As I said before , I will also post the monthly cycle analysis for both gold and the U.S dollar.
I see the dollar reaching quite easily the 116 level which is the 1.618 extension on the 2M monthly . Thats a super super bullish chart.
You can't make these things up . I mean you see primary bullish momentum on monthly weekly and daily .
I don't understand how can someone short this thing ? I really don't know. Unless you are trading for a few days or scalping .
I won't post the euro chart , but the euro/usd will soon go to par . Analysts were talking about par 1 year ago , as always timing is everything .
This moment has come in my opinion now.
7-8 weeks upside for the dollar maybe test the 96-97 level , downside for the gold and then starting next year , we have to wait and see what gold can do .
The past 7 years gold always rallies in the beginning of the year . It will be an interesting year.
However charts don't lie and gold is in big big trouble while dollar has huge upside potential.
As I said before , I will also post the monthly cycle analysis for both gold and the U.S dollar.
I see the dollar reaching quite easily the 116 level which is the 1.618 extension on the 2M monthly . Thats a super super bullish chart.
You can't make these things up . I mean you see primary bullish momentum on monthly weekly and daily .
I don't understand how can someone short this thing ? I really don't know. Unless you are trading for a few days or scalping .
I won't post the euro chart , but the euro/usd will soon go to par . Analysts were talking about par 1 year ago , as always timing is everything .
This moment has come in my opinion now.
7-8 weeks upside for the dollar maybe test the 96-97 level , downside for the gold and then starting next year , we have to wait and see what gold can do .
The past 7 years gold always rallies in the beginning of the year . It will be an interesting year.
However charts don't lie and gold is in big big trouble while dollar has huge upside potential.