Trendline of Highs dating back to 1980 has been breached. If Central Banks turn on the printer stocks will dip then rip faster than Gold.
2 ways to read this chart - either we overextended based on the goldbug/WW3 hype or is this the actual end of the dollar hegemony?
Indicators on 1M:
1. Money flow and momentum show less money and momentum took us above this Trendline - bearish
2. Stochastic RSI is overbought
3. ATR - Volatility is high
Closer look:
Trade well my friends
2 ways to read this chart - either we overextended based on the goldbug/WW3 hype or is this the actual end of the dollar hegemony?
Indicators on 1M:
1. Money flow and momentum show less money and momentum took us above this Trendline - bearish
2. Stochastic RSI is overbought
3. ATR - Volatility is high
Closer look:
Trade well my friends
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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.
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.