The advance this past week exceeded the upside price target of 92.38 and I exited my long position. I will monitor this market for a possible continuation pattern. I believe the U.S. Dollar Index will continue to trend higher. Factor is flat.
https://www.peterlbrandt.com/wp-content/uploads/2018/05/Whats-in-your-wallet.jpg6071233Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2018-05-07 08:04:242018-05-07 08:04:24What’s in Your Wallet
Gold’s massive H&S bottom continues to develop, but overhead resistance could be stiff. The technical significance of the resistance in the 1350 to 1390 zone in Gold cannot be over- stated. This zone has contained rallies in Gold on five occasions (including the current rally), as shown on the weekly chart.
I have commented in recent Factor updates on the completed 6+ year double top on the monthly chart. I was not going to make the same mistake this week.
What’s in Your Wallet
/by Peter BrandtThe advance this past week exceeded the upside price target of 92.38 and I exited my long position. I will monitor this market for a possible continuation pattern. I believe the U.S. Dollar Index will continue to trend higher. Factor is flat.
Picking Tops and Bottoms
/by Peter BrandtI have no desire as a trader to pick tops and bottoms. I am very comfortable making my living between the 30-yard lines
Forex Ideas
/by Peter BrandtWithin are some interesting and potentially profitable Forex ideas developing.
Bitcoin Thaw
/by Peter BrandtBitcoin ($BTC) is bumping up against the neckline of an arguable H&S bottom pattern. This is the point at which prices could accelerate … or fail.
Gold Resistance
/by Peter BrandtGold’s massive H&S bottom continues to develop, but overhead resistance could be stiff. The technical significance of the resistance in the 1350 to 1390 zone in Gold cannot be over- stated. This zone has contained rallies in Gold on five occasions (including the current rally), as shown on the weekly chart.
US 10-Yr
/by Peter BrandtI have commented in recent Factor updates on the completed 6+ year double top on the monthly chart. I was not going to make the same mistake this week.