Just looking to illustrate how sharp the downtrend in the US dollar right now, this trend shows support at 91.00, then 88 and finally 79. Given federal reserve actions (or rather inaction in interest rate rise) this may not have much in terms of support mechanisms to change the trend. I am mitigating by holding other currencies and gold/silver.
Gold will continue in this wedge until breaking out and moving above 2100.
I believe AUY will break to the high side, it is in a descending wedge building support for a move higher.
Double bottom, also news from CEO of his liquidation being the trigger for the decline since high. Long
Just analysis on a possible breakout near the end of the month, I'm Long.