💎
$DXY: Dollar Wrecking Ball to Make a Comeback?
See attached
#Dollar Chart👇
Back on Sept 3rd, I posted the following comment when
#silver was trading at $40....
"I still expect more upside in our focus sectors..., but also anticipate a sizable correction in the weeks ahead.
There's nothing wrong with simply holding through deep corrections until much higher targets are achieved, but gains can be amplified by using the inherent volatility in our sectors to one's advantage. "
The
$USD is bouncing from key Long-Term support, and nearing a test of 200MA resistance on the daily chart.
In short, there is an elevated risk of a "surprise" dollar rally to catch many off guard and shake loose the remaining weak handed momentum chasers in
#silver &
#gold.
If the expected lower low does come to fruition, it will present some fantastic re-entry points.
#Patience
💎Strategy > Predictions
$SILJ |
$PSLV |
$URNM |
$URNJ |
$SPPP
x.com/SilverChartist/status/…
💎
$DXY: Dollar Following Roadmap So Far...
See attached
#Dollar Chart👇
I still expect more upside in our focus sectors (
#Silver,
#Uranium,
#Gold,
$Plat) leading up to ~9/17, but also anticipate a sizable correction in the weeks ahead.
There's nothing wrong with simply holding through deep corrections until much higher targets are achieved, but gains can be amplified by using the inherent volatility in our sectors to one's advantage.
Strategy > Predictions
$SILJ |
$PSLV |
$URNM |
$URNJ |
$SPPP
x.com/SilverChartist/status/…