Showing posts with label Dollar index. Show all posts
Showing posts with label Dollar index. Show all posts

Tuesday, November 23, 2010

GOLD.SILVER.DOLLAR.OIL


Gold has a clear five wave impulse down. The B wave should end near 1,380 levels after which the C wave down to new lows below 1,320 should begin. Silver looks more like a 3-3-5 structure. We see the B wave complete and prices starting a C leg lower till 25. OIL is also stagnating in a B wave, which should resolve lower. Dollar index remains in B wave till price clearly move above 79.55 previous highs.
(Article written in association with Orpheus CAPITALS -- ticks Global Intraday Service)