DXY bottom just locked-in?

Just a day after FOMC statement, the DXY perfectly touch the trendline bottom, the beautiful holding of the bottom trendline suggesting that DXY now is ready to rocket higher from here, its near-term shall reverse back to the upside.

Crude may not able to make an U-turn?

After many days of trying to make an U-turn, unless crude can reclaim and sustain above $105, it is now at the crossroad while a possible decline below $102 would strongly signal to the downside

Gold weekly chart says something ahead

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Just look at the Gold weekly chart, after weeks of relatively unexciting sideways trading with continuation of the bearishly, with the rare "Death Cross" at daily chart, it seem ready to break with extreme target of $1360 ~ $1370. Yes, unless QE3 coming next week but the chart says Gold want to drop.

Rare Gold's "Death Cross"

The Gold's 150 DMA move below 200 DMA forming the rare "Death Cross" as above, it is something to suggest that gold shall drop hard from here, such a possibility supported by the same chart pattern where the "Death Cross" formed before massive drop in 2008 below.

This "Death Cross" usually serve as fact that it has been unable to reclaim its important 150 DMA, thus gold is looking so bad and most likely it will follow the history.

Gold at the crossroad now (Corrected)

Look at the Gold daily chart, it going up for few days then suddenly turn very bearish after fail to penetrate its parabolic, it seem waiting the Fed for the next direction, the downtrend may started if there is no QE3, the 1st support will be at $1612, 2nd at $1502, whereas, if QE3 coming, it will rocket higher from here, Gold is at the crossroad now.

Crude Trying to Make an U-Turn

Let look at the crude daily chart, after it fall and found a support at around $100.75, now it trying to make an U-turn to the upside again.

Gold Bull Coming Back

As I mentioned before, the cycle already completed and its near-term was turning up, it up more than $30 overnight, Gold's bull to take off from now on until reach the top.

DXY set to drop ?

Look at the DXY's hourly chart, it seem to drop after weak US job's report, the chart look bad and more bearish after rally last week.

Such a possibility is supported by the daily chart, DXY fail to stay above 80, so something that provide a reason to think it will break to the downside again.

Gold bottom already locked-in last wednesday

The Gold bottom seem has locked in @ USD1611 last week, sorry to informed that it wont going down anymore because its cycle already completed, now its near-term will turning up from today onward.

Gold Call for Final Dip

Gold was drop and touch USD1611 then rebound back a bit, now it calling the final dip to somewhere around USD1604 to complete its cycle.

Gold come to the final week

The gold was plunge more than USD40 over night into its parabolic trend channel, now it shall headed toward its final destination (USD1604) within this week or latest next monday because it should complete its cycle first before next rally.