Gold keep disappointing, though the cycle is not totally off the wall in this phase, the metal responded to weakness
today, and recent strength seemed to restrict the decline. I think it is wise to watch the dollar (DX & SF), to assess
Gold. Around August 21st +/- the green back should turn around, and this might be the time gold makes its own
reversal. Defiance of a cycle is not seldom "punished," and sentiment indicators do indeed favor gold here. One
should not be to fixed on the date (8/21) , but study these markets technically. Positive trigger signals for The Swiss
Franc, The Euro and Gold, should with some certainty be considered true around that time. Likewise The Dollar
Index could offer an excellent shorting opportunity, especially if bullish sentiments reach extreme levels. The
coming dollar weakness might give some clues to the faith of the US stock market later this year, and next year.
When a cycle turns, the right kind news seem to appear or be focussed. Dollar weakness should mean money outflow
for what ever reason, time will show.
home.chello.no
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the lower CDE goes, better risk reward ratio is.!!!
Have fun, I am.
it's called Leverage. |
