gold, page-81443

I agree about the inflection point.
According to my charts:
The USD will hit support at 94.37c. Break down at 91.6c but a second level of support kicks in almost immediately.
The AUD is up against resistance at 71.5c. Break out at 75.8c.
These moves are complimentary.
It is most likely that dollar resistance and support will hold, possibly coinciding with a stock market reversal.
Quite a few elements are lining up on my gold stock charts. Consolidation breakouts, buy signals, decent target prices, etc.
If both dollars reverse direction then A$POG will shoot higher, taking stocks with it for the next month or so.
These are very short time frames compared to the old normal so I also expect a pick up in volatility.
My crystal ball goes all cloudy after that.
Another consolidation period, possibly extensive, as stocks will be well above trends.