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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: hawkeyefan who wrote (19146)	11/18/2014 8:08:36 AM
From: skinowski	Respond to of 41518

Looks like Gold is fixin' to gap over its 20dma, and is aiming to test its 50 dma - currently at 1210. The $USD looks like it may have completed an impulse starting in early May. The index shows bearish divergences, especially prominent with regard to the last wave (the apparent 5th) since October. It may want to complete one more swing up, but it doesn't have to. The buck will need to test the 85 area, which is a little below its 50 dma. Interestingly, in recent days Gold was moving up even as the Dollar remained flat.