Saturday, September 27, 2008

weekly charts USD vs Gold

Quick weekly charts of Gold and the US Dollar Index showing RSI, MACD and W%R.

Notice gold's strong technical picture on the weekly chart closing just above the 50 MA.

US Dollar index looking like it is rolling over on all indicators. A full blown roll-over may be confirmed with the RSI-7 falling below 50. The MACD is resembling a tsunami about to break.
Monday's action will be critical in light of the bailout news.

good luck on monday.


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