Another dollar alert - quick update

Another dollar alert

It seems that the dollar has fallen to the line yet again:

Today's fall has pushed the dollar back to the bottom of the up trend channel. Should it continue to fall into Asian trading and tomorrow expect to see a more substantial drop and a big rally in gold and silver. Gold and Silver are oversold and have staged a moderate rally into the weekend. The UK market has been closed today for the late summer bank holiday but trading resumes tomorrow.
A dollar bounce might seem like the more probable scenario, but something tells me this won't occur. I think the dollar is going to resume it's major bear trend and gold and silver will stage a short term rally, before correcting somewhat prior to a much larger rally.

For disclosure, I'm not a professional advisor and this is not investment advice, merely my own observations of the market and indexes, so do your own research.

Sort:  

Thank you for your continued support of SteemSilverGold

Thank you very much for the info. I hope you are right about the possibility of a dollar drop and a big rally in gold and silver.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by unc.hermit from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.20
TRX 0.02
BTC 9114.81
ETH 232.62
USDT 1.00
SBD 0.98