The Dollar is expected to continue ranging between 95 and 97.50 over the next few months.
Spot Gold bounced off intermediate support at $1280/ounce but short candles over the past three weeks warn of selling pressure. Breach of $1280 would warn of another test of primary support at $1180.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.