I am showing a trend on the US dollar for a low just before mid Oct. so this should drive gold up as the debt ceiling issue heats up again. - update - I am getting December for a low in the dollar using a dollar etf, I will do more work on the charts to confirm. Tradermama over at traders-talk.com at the gold and mining forum sees that the dollar started a negative trend in Sept. using her pnf methods.
Previous projection for gold low around Oct. 10th has now been invalidated after the large up move. The oscillator signals lose their confirmation especially if the signal is not a long term signal.
Friday, September 27, 2013
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