It is simple. Price are usually weakening before fed meeting. Prices may bounce a little or continue to consolidate. The next low should arrive around the time of the March Fed meeting. WE ARE AT A FLECTION POINT FOR THE DOLLAR . GOLD BREAKOUT IS LINKED TO A BREAKDOWN IN THE DOLLAR BELOW 88. I am a strong believer in correlations market. Usd/zar is collapsing right now with the same 2001 pattern, so what we should expect?
Yes, dollar will continue to go down.
Yes, dollar will continue to go down.
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Same situation with Eur/usd. The breakout zone will happen at the same time when it will clear the 1.25 zone to the upside. More downside also here until rate hikes.
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Another prospective view with Usd/Dkk