Volatility set to rise dramatically this week
Last week I wrote about the double top on the USDIndx. We saw some dramatic moves around the highs and the price has come back to rest once again within pips of this important level. What is noteworthy is we briefly broke the old high and came back a market-close to rest just below this critical line of .8843. So although there is a lack of real clarity in the direction the moves at the beginning of the week, (maybe even Sunday at opening) will likely be fast and furious. Look for extreme
Gold Weekly Technical Outlook
Comex Gold (GC) Gold’s correction from 1007.7 continued last week and extended further to as low as 927. From a short term angle, further decline could still be seen as long as 979.7 resistance holds. But after all, downside is expected to be contained by 892 support and bring rally resumption. Above 979.7 will flip bias back to the upside for retesting 1007.7. Break will confirm up trend resumption for 1033.9 high next. In the bigger picture, as discussed before, consolidation from 1033.9 has
Volatility set to rise dramatically this week
Last week I wrote about the double top on the USDIndx. We saw some dramatic moves around the highs and the price has come back to rest once again within pips of this important level. What is noteworthy is we briefly broke the old high and came back a market-close to rest just below this critical line of .8843. So although there is a lack of real clarity in the direction the moves at the beginning of the week, (maybe even Sunday at opening) will likely be fast and furious. Look for extreme