We are at the turning point of something in the markets. We have a 3 thrust pattern at the top of an up trend in the XJO at the moment. This is a strong indication of a trend that is struggling to make further headway.
We have been keen on gold for a while now , and from the chart you can see why. It has broken of a triangle pattern which has a target that is a good 30% higher than where the price is at the moment.
Now from the attached charts on some of the major crosses with the US Dollar , it is not looking good for it.
Stock Indexes Stalled
US Dollar potentially weakening
Gold break out to the long side.
All these are coming together at the same time. We are potentially due some sort of shock to the market with all these turning points coming together at the some moment in time.
Interesting times ahead Be careful of anything with a big US Dollar exposure. Have a good day
Good Hunting
Bear
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