Keyword: China-US agreement
Potential bullish $ and bearish precious metals scenario is about to start following the news flow.
A monthly close below the first blue line (currently support but when close below will turn into resistance) will be the first sign of weakness. Then it is best to wait until year-end as this is a yearly basis S&R. My anticipation is to get a sell signal at that level within January.
I will continue to share my thoughts on this at lower timeframes.
Potential bullish $ and bearish precious metals scenario is about to start following the news flow.
A monthly close below the first blue line (currently support but when close below will turn into resistance) will be the first sign of weakness. Then it is best to wait until year-end as this is a yearly basis S&R. My anticipation is to get a sell signal at that level within January.
I will continue to share my thoughts on this at lower timeframes.