The technical factors for a reversal at this point are:
1. Volume spike a few days ago.
2. The recent high is at R2 yearly pivot
3. There is a divergence on the 3/10 oscillator and its slow line
So with this, all these timing factors are lining up...
1. Gold - reversal to short side
2. US Dollar Index - reversal to the upside
3. Yen futures - reversal to the downside
4. US Bonds - reversal to the downside
See previous charts. This is an interesting juncture in time and one to watch carefully.
1. Volume spike a few days ago.
2. The recent high is at R2 yearly pivot
3. There is a divergence on the 3/10 oscillator and its slow line
So with this, all these timing factors are lining up...
1. Gold - reversal to short side
2. US Dollar Index - reversal to the upside
3. Yen futures - reversal to the downside
4. US Bonds - reversal to the downside
See previous charts. This is an interesting juncture in time and one to watch carefully.