Divergence in the USD from Feb then higher lows ever since culminating in another swing rally this week. Technically it is still in a range but what I am seeing is that it isn't falling anymore. It has now gone to the top of the range and if it continues another strong resistance overhead. Ranges are very difficult to observe if they are at breakout or contained within the range hence gold is behaving the direct opposite. My line in the sand is still $1328 which if broken will usually slide down to the base. This week will be interesting based on Friday's sell off into the NY close.
Drop, page-43
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$5.01 |
Change
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| Open | High | Low | Value | Volume |
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