Saturday, February 6, 2010

Gold and US Dollar Times and Cycles

The Gold index has 2 Major CITs coming up: 2/9** and 3/8-9**.

If Gold is closely related to the stock markets, they will influence them as well. Cash Gold has Major support at the 1000 area, which is the 50% retrace and TL support.

The US$ Dollar Monthly chart is still in a long term down channel with Major resistance at the 86 area, The regular Long term 39-40 month Cycle is next due in July 2011.

The US$Dollar has major resistance at 81.50-90, the previous wave 4 and 50% retrace. Dollar Daily CITs: 2/22, 3/10 and 3/12.

If anyone is interested in the Free 2010 MC forecast, simply email:

1 comment:

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