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Stage Analysis Gold and US Dollar

Currencies / US Dollar Jul 11, 2017 - 02:49 PM GMT

By: SurfCity

Currencies

This post will use Weinsteins Stage Analysis to examine where we are in both Gold and the USD. For this analysis, I will use Weekly charts and highlight the Weekly 30ema as a guidepost for our analysis.

https://goldtadise.com/?p=394282

First lets start with a bit of History and go back to 1998 to 2002 to examine the transition in Gold and the HUI from Stage 4 Bear, to Stage 1 Basing to Stage 2 Bull Market.



Fast forward to today and we can see that the 30ema seems to have found a bottom but in 2017, it seems to be a midpoint for price and is not yet providing strong support at major lows for either Gold or GDX. My last chart on GDX shows a potential Fractal. Will history repeat? Time will Tell.


My last chart is on the USD. If the USD is close to finding a Yearly Cycle Low (YCL), the 30ema should still continue to provide resistance near Intermediate Cycle Tops if the USD’s 15 Year SuperCycle has topped.

By Surf City

https://surfcity.co/

Everything about Cycle Investing

© 2017 Surf City - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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