U.S. Dollar IndexShort
DXY Potential Multi Year Bear Market
You can see the DXY on the monthly has a "Double Top M Pattern in Play.
It has the potential to play out like the previous 2002-2008 bear market world financial crash.
I believe it will play out as we are going from Inflation into Deflation and the dollar is devaluing. The world is also losing confidence in the dollar as a reserve.
The only way to save it would be that GOLD had a value of a minimum of $15,000-20,000.
Gold has always worked and could continue to work.
Let me no your thoughts and please leave some feedback.
Safe Trading.
It has the potential to play out like the previous 2002-2008 bear market world financial crash.
I believe it will play out as we are going from Inflation into Deflation and the dollar is devaluing. The world is also losing confidence in the dollar as a reserve.
The only way to save it would be that GOLD had a value of a minimum of $15,000-20,000.
Gold has always worked and could continue to work.
Let me no your thoughts and please leave some feedback.
Safe Trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.