GOLD 0.51% $1,391.7 gold futures

gold, page-27345

  1. 601 Posts.
    lightbulb Created with Sketch. 28
    Below is a weekly chart of US Dollar Index Futures.

    The USD Index continues its fall from 101.12 to 99.99 within the past 36hrs. May be drawn to an area of least S/R near converging TL's where the index could plunge further. Major TL S/R probably wont hold it back this time round. Weekly momentum recently turned bearish increasing.

    The MACD recently formed a bearish down-cross with an expanding negative histogram. Further falls from here seem likely. Stochastic have been forming bearish lower-high's for all of 2017, becoming overbought during mid-Q1. Continuing its bearish descent.

    20170413_dxyW.jpg
    Last edited by Jagster Trading: 13/04/17
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.