2 year congestion about to break (?), sentiment is very bearish right now... time for upside break continuation?? 8 ema intact and we have had a decent energy pullback. My bias is for longs until Mas break down.
Good analog here re '99-02 suggests the USD is may not yet be done despite the hubris around Gold and Silver. We are at a key inflection point, upsloper needs to hold for USD bull market to persist and if it does it is likely the market tries to test 2001-02 highs.
“History doesn't repeat itself but it often rhymes,” Mark Twain
9yr H&S consolidation with good down sloper median respect, looking for a break of the neckline to further confirm the move.
Initial Tgt 1.35
Secondary Tgt 1.10
Trade is negated on a break and close of the ML downsloper.