Dollar at resistance?
I am looking at the dollar as possible bearish based off major moving averages on longer time frames, and the fib retrace already made. If the dollar were to fall this hard I could mean good things for the market/gold/etc but time will tell.. There is an arguable falling wedge in miners/gold and people seem to be trying to buy the dip in the equity market. This is leading me to believe that maybe this move is set up.. No telling how long the distribution takes. This chart is for spectating purposes. Not trade advice.
Happy trading.
Happy trading.
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