


2070$ target enacted, to retrace to neckline.
Sugar still got to move another 40% to prove scary inflation is on the way.
Decision for US Dollar in progress on 8 hour chart. Can tip the balance eventually on daily chart.
Approaching tipping point area 88 for US Dollar. 80 area is target if that threshold is convincingly breached on a monthly close basis. #dxy #usdollar #gold #silver
Still at critical juncture, gold can be at beginning, middle or end of cycle... YIKES! Let's imagine the first case.
Using 2003 as a starting point. TIme table currently accelerated. Or maybe just my imagination is running faster than markets, as usual! Notice how silver can move in unexpected ways!
Expecting an imminent vertical take-off for silver. HANG ON TIGHT #gotsilver #silver #silversqueeze #sitfolio $pslv $slv #fintwit
Pure price action.. if current angle of ascent continues, gold should have no meaningful resistance until 3200$.
There was a 22% correction just 2 year before.
Times gold spent more than 2% below it's 200 day moving average in a bull run. 5 rocket ship take offs... 1 crash landing
Here are some quick notes to better understand the mysterious line break charts.
Price cycle analysis shows eurusd heading upwards.
3K gold is just to get it back even. Then we overshoot above.
Silver has JUST started move and is closer to bottom than a price cycle top.