11.1 C
New York
Tuesday, November 26, 2024
HomeMarkets
Markets

King Dollar continues to punish Gold, big test here!!!

By kimblechartingsolutions
0
83
psw-placeholder
psw-placeholder

Courtesy of Chris Kimble.

king-dollar-pic-surprised

From 2001 until 2011, Gold was incredibly stronger than the US Dollar. Since 2011, King Dollar has been tons stronger than Gold. An important “support test” is in play right now in the Gold/US$ ratio

gold-dollar-ratio-testing-important-support-nov-30

CLICK ON CHART TO ENLARGE

Gold/US$ ratio remains inside of multi-year falling channel (1). A dual test of support is taking place at (3) above.

The future of this ratio and several portfolio construction plays, will be greatly impacted by what takes place at (3)!!!

If this type of Power of the Pattern analysis is important to you, we would be honored if you were a Metals or Premium Member.

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,455FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x