The Dollar is again testing resistance at 97.50, threatening a breakout.
Spot Gold is testing medium-term support at $1280/ounce. Declining Trend Index peaks warn of selling pressure. Breach of $1280 would offer a target of primary support at $1180.
Silver is likewise testing medium-term support at $15/ounce, warning of a decline to $14.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
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.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.