the Dollar looks to be in a diamond reversal pattern (120min) and will climb the 120/240min cloud before pulling back, possibly to the lower 94s and then continuing up. the three day and weekly waves are strong, making this only a short term pullback... this could form a H&S reversal pattern on the daily and the dollar will begin an uptrend that was stronger than the previous one we just experienced in May... helping to push Gold down (DUST time).
評論:
the Dollar still looks fairly strong in the short term, so I think it will break this resistance and possibly make a new recent high around the high 95s to low 96. it will still pullback, but it might take until Sunday or Monday to start. this will also raise the pullback point to somewhere in the mid 94s.