Friends,
At this point, markets seem to have leveled off. In fact, USD started to rally, as it gains strength against most other currencies, except against the EURUSD, whose high of 1.38981 has remained unchallenged even after US markets closed.
A look at a reverse correlated USDCHF, my predictive analysis and forecasting system remains neutral for the time...
The market has moved lower after putting in an bearish engulfing
on the daily as my previous idea suggested.
I still like the idea that gold has completed a flat at 1391
and is now moving towards new lows below 1180.
I have two views that I would like to share.
1. BLUE - We are in the 2th leg of wave 3
which is taking the shape of an complex zigzag...