DXY breaking out of possible 3-4 yr bull flag, we take out the 2015-16 highs look to top of RED channel 108.85 range breaks that channel then upper level to 2002 highs is possible 121. Over that well then for insanity 160? yeah I know nuts. But DXY USDollar "cleanest" dirtiest shirt syndrome. I'm looking for the demise of the EURO, look to BREXIT, Italian Banks, DB - Deutsche Bank, Elections in Germany, Greece, too many possible holes in the boat.. if they show up. DXY last push as it looses it's Reserve Currency status.. a nice ballon top? Anyhow, something to think about something to watch. DXY goes, gold will get hit very hard. I have long term charts on gold looking for .. I know .. sounds nuts.. but $750 to $450 an oz in USdollars, other currencies no. fwiw.
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Gold link --- www.tradingview.com/...pping-weekly-candle/
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updated Chart..
Key Levels are close 20month / 50month SMAs
95.44/.30 ... DXY is nearing 200d SMA just 0.40 to go. .over 200d next is 50w at 94.12 then the monthly SMAs
Key Levels are close 20month / 50month SMAs
95.44/.30 ... DXY is nearing 200d SMA just 0.40 to go. .over 200d next is 50w at 94.12 then the monthly SMAs