So - to more fully explain those charts i pointed to last night
the EURO/USD cross has now started a super bullish looking move
EURO/USD is 57% weighting of the overall USD index
which as i said previously, had formed a 'h' waterfall pattern that in my experience continues much lower
first technical target is 94 (where blue arrow is pointing)
ultimately its going to 80 if not lower imo - and quite likely at a fairly rapid pace given the head and shoulder
so finally - while it still needs to be confirmed on weeklies - the King USD pressure lid thats been suppressing USD gold, silver, lead, zinc etc prices is gradually lifting
this clears the way for the next economic cycle - which commodities typically lead out
expect increasingly big positioning flows into precious and base metals stocks from here - with the "boom" event being when and if Euro/USD crosses above ~116 and breaks above that falling high resistance trendline
EURO/USD is within an ace of golden crossing - where 50day MA moves above 200day MA.
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- King USD cycle is dying - time to load up on metals exposures
King USD cycle is dying - time to load up on metals exposures
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