from King World News
With precious metals still consolidating recent gains, is this shocker about to send the price of gold and silver soaring?
Top Citi analyst Tom Fitzpatrick: The U.S. dollar actually posted a bearish outside week at the high of the up move 3 weeks ago. This suggests that we could see it all the way back towards the 91.92 low posted in May…
[…] A break below the support area from 93.13 to 91.92 would suggest extended losses towards good support in the 88.03 – 89.62 range, with an outside chance of an even deeper move towards the 83.50 area if this was to be looked at as a downward sloping head and shoulders/double top (see chart below).