Trendline of Highs dating back to 1980 has been breached. If Central Banks turn on the printer stocks will dip then rip faster than Gold.
2 ways to read this chart - either we overextended based on the goldbug/WW3 hype or is this the actual end of the dollar hegemony?
Indicators on 1M:
1. Money flow and momentum show less money and momentum took us above this Trendline - bearish
2. Stochastic RSI is overbought
3. ATR - Volatility is high
Closer look:
Trade well my friends
2 ways to read this chart - either we overextended based on the goldbug/WW3 hype or is this the actual end of the dollar hegemony?
Indicators on 1M:
1. Money flow and momentum show less money and momentum took us above this Trendline - bearish
2. Stochastic RSI is overbought
3. ATR - Volatility is high
Closer look:
Trade well my friends
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