In this chart I conducted a very detailed time at mode analysis of the monthly chart in gold, adjusted by the world's investor's perception of the dollar to give us a clearer indication of its value.
Right now, the chart suggests gold might have bottomed in the intermediate to long term.
This is by no means a small claim, I know, but the technicals on chart are a powerful indication of a big paradigm shift here.
I'll look for bearish dollar setups from now on, I suggest you do it too.
Make sure to follow me at collective2, if you're interested of leveraging my technical insights.
Details are in my profile, as well as links to my track record as an analyst, forecaster and trader.
Cheers,
Ivan Labrie
Time at Mode FX
Right now, the chart suggests gold might have bottomed in the intermediate to long term.
This is by no means a small claim, I know, but the technicals on chart are a powerful indication of a big paradigm shift here.
I'll look for bearish dollar setups from now on, I suggest you do it too.
Make sure to follow me at collective2, if you're interested of leveraging my technical insights.
Details are in my profile, as well as links to my track record as an analyst, forecaster and trader.
Cheers,
Ivan Labrie
Time at Mode FX
코멘트:
On track, analysis is valid so far. Dollar peaked for 2015.
코멘트:
Gold is holding its own, like most commodities, but even outperforming the index.
코멘트:
We have hit the 12 month mode support. I think this is really the bottom for a long time.
코멘트:
Gold continues to be weak, failed rally is very bearish. We will resume the march down to my lower targets in the related ideas.
코멘트:
Big rally after time expired...nice!
코멘트:
...and now it's looking toppy.
