Gold Retracement Strategy
I've been following the path of gold (
GLD) and silver (
SLV), and how it's been relating to DXY. Here is the path that I think it will take. First, I think we're going to get to the .382 fib (~1838), then we're going to go back up to the .236 fib (~1929), and then back down to complete the 50% retrace at the .5 fib (~1765). From there, we should move up substantially. This lines up nicely with SLV as well.
That's my best guess based on what I see! (Not financial advice!)
GLD) and silver (SLV), and how it's been relating to DXY. Here is the path that I think it will take. First, I think we're going to get to the .382 fib (~1838), then we're going to go back up to the .236 fib (~1929), and then back down to complete the 50% retrace at the .5 fib (~1765). From there, we should move up substantially. This lines up nicely with SLV as well. That's my best guess based on what I see! (Not financial advice!)
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