{"id":17409,"date":"2018-11-16T23:43:21","date_gmt":"2018-11-16T23:43:21","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17409"},"modified":"2018-11-16T23:43:21","modified_gmt":"2018-11-16T23:43:21","slug":"falling-crude-stronger-dollar-warn-of-gold-weakness","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/","title":{"rendered":"Falling Crude, stronger Dollar warn of Gold weakness"},"content":{"rendered":"<p>Nymex Light Crude is falling steeply. Breakout below the trend channel warns of reversal to a primary down-trend. Breach of support at $55\/barrel would indicate a test of $45\/barrel.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-11-17-crude.png?w=525&#038;ssl=1\" alt=\"Nymex WTI Light Crude\" \/><\/p>\n<p>Falling crude prices are likely to strengthen the Dollar. Dollar Index breakout above 100 would signal another primary advance. Penetration of the descending trendline on the Trend Index would also suggest another long-term advance.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-11-17-dxy.png?w=525&#038;ssl=1\" alt=\"Dollar Index\" \/><\/p>\n<p>Falling crude prices and a strengthening Dollar are likely to weaken demand for Gold. Reversal below $1150 would signal a decline to $1050\/ounce (the 2015 low).<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-11-17-gold.png?w=525&#038;ssl=1\" alt=\"Spot Gold in USD\" \/><\/p>\n<p>Silver is testing primary support at $14\/ounce. Breach would offer a target of $10 but would also warn of a primary down-trend for Gold.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-11-17-silver.png?w=525&#038;ssl=1\" alt=\"Spot Silver in USD\" \/><\/p>\n<p>A weakening Australian Dollar has so far offset the decline in the Dollar price of Gold. The chart below, however, shows strong resistance at $A 1750 to $A 1800. Declining peaks on the Trend Index warn of selling pressure and penetration of the rising trendline on the price chart would threaten another test of LT support at $A 1350. Local gold miners would be likely to follow.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-11-17-gold-aud.png?w=525&#038;ssl=1\" alt=\"Gold in Australian Dollars\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nymex Light Crude is falling steeply. Breakout below the trend channel warns of reversal to a primary down-trend. Breach of support at $55\/barrel would indicate a test of $45\/barrel. Falling crude prices are likely to strengthen the Dollar. Dollar Index breakout above 100 would signal another primary advance. Penetration of the descending trendline on the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Falling Crude, stronger Dollar warn of Gold weakness&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44,9,35],"tags":[1073,3835,2105,3204,3206],"class_list":["post-17409","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-gold-precious-metals","category-us-dollar-index","tag-dollar-index","tag-gold-in-aud","tag-light-crude","tag-spot-gold","tag-spot-silver"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Falling Crude, stronger Dollar warn of Gold weakness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Falling Crude, stronger Dollar warn of Gold weakness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nymex Light Crude is falling steeply. Breakout below the trend channel warns of reversal to a primary down-trend. Breach of support at $55\/barrel would indicate a test of $45\/barrel. Falling crude prices are likely to strengthen the Dollar. Dollar Index breakout above 100 would signal another primary advance. Penetration of the descending trendline on the &hellip; Continue reading &quot;Falling Crude, stronger Dollar warn of Gold weakness&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-16T23:43:21+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/2018-11-17-crude.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Falling Crude, stronger Dollar warn of Gold weakness\",\"datePublished\":\"2018-11-16T23:43:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/\"},\"wordCount\":181,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2018-11-17-crude.png\",\"keywords\":[\"Dollar Index\",\"Gold in AUD\",\"light crude\",\"Spot Gold\",\"Spot Silver\"],\"articleSection\":[\"Crude Oil &amp; Natural Gas\",\"Gold &amp; Precious Metals\",\"US Dollar Index\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/\",\"name\":\"Falling Crude, stronger Dollar warn of Gold weakness - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2018-11-17-crude.png\",\"datePublished\":\"2018-11-16T23:43:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2018-11-17-crude.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2018-11-17-crude.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/falling-crude-stronger-dollar-warn-of-gold-weakness\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Falling Crude, stronger Dollar warn of Gold weakness\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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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.\",\"sameAs\":[\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\",\"https:\/\/au.linkedin.com\/in\/colintwiggs\"],\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Falling Crude, stronger Dollar warn of Gold weakness - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Falling Crude, stronger Dollar warn of Gold weakness - the patient investor","og_description":"Nymex Light Crude is falling steeply. Breakout below the trend channel warns of reversal to a primary down-trend. Breach of support at $55\/barrel would indicate a test of $45\/barrel. Falling crude prices are likely to strengthen the Dollar. Dollar Index breakout above 100 would signal another primary advance. 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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.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-4wN","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":8691,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/30\/will-dollar-support-stem-gold-silver-rise\/","url_meta":{"origin":17409,"position":0},"title":"Will dollar support stem gold &#038; silver rise?","author":"ColinTwiggs","date":"October 30, 2013","format":false,"excerpt":"The Dollar Index found support at the 2012 low of 79 and is likely to test resistance at 80.50. Respect would confirm the primary down-trend, with a medium-term target of 77.50*. Breakout above 80.50 is unlikely, but would indicate strong support. The falling dollar is expected to boost gold and\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17526,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/01\/strong-dollar-warns-of-gold-weakness\/","url_meta":{"origin":17409,"position":1},"title":"Strong Dollar warns of Gold weakness","author":"Colin Twiggs","date":"December 1, 2018","format":false,"excerpt":"Falling crude prices have helped to strengthen the Dollar. Nymex Light Crude found support at $50\/barrel, helped by an OPEC production cut, but the organization does not have the sway it once had. A test of $45\/barrel is likely. The Dollar Index closed above 97, signaling an advance to 100\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8488,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/26\/dollar-and-treasuries-likely-to-lift-gold\/","url_meta":{"origin":17409,"position":2},"title":"Dollar and Treasuries likely to lift Gold","author":"ColinTwiggs","date":"September 26, 2013","format":false,"excerpt":"Spot gold continues to test support at $1300\/ounce. Failure of support would visit the primary level at $1200\/ounce, while respect would test $1440. Breach of the downward trend channel indicates the primary trend is slowing, but recovery above $1440, and a primary up-trend, seem some way off \u2014 as does\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8160,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/24\/gold-rises-as-the-dollar-falls\/","url_meta":{"origin":17409,"position":3},"title":"Gold rises as the dollar falls","author":"ColinTwiggs","date":"July 24, 2013","format":false,"excerpt":"Gold broke resistance at $1300\/ounce, penetration of the descending trendline indicating that a bottom is forming. Reversal below $1300 would suggest another test of primary support at $1200. Respect of support at $1300 and breakout above $1350 is unlikely, but would target $1400. Dollar Index The Dollar Index is headed\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17243,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/10\/27\/gold-rally-expected-to-falter-as-dollar-strengthens\/","url_meta":{"origin":17409,"position":4},"title":"Gold rally expected to falter as Dollar strengthens","author":"Colin Twiggs","date":"October 27, 2018","format":false,"excerpt":"China's Yuan continues to weaken while the Dollar index strengthens. Follow-through above 97 would signal another primary advance. A strengthening Dollar would weaken demand for Gold. The bear rally is likely to meet stubborn resistance at $1250. Reversal below support at $1180 would warn of a decline to the 2015\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17277,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/03\/crude-reversal-undermines-gold-rally\/","url_meta":{"origin":17409,"position":5},"title":"Crude reversal undermines Gold rally","author":"Colin Twiggs","date":"November 3, 2018","format":false,"excerpt":"Nymex crude broke support at $65, warning of a primary down-trend with a medium-term target of $56\/barrel. Crude and gold tend to rise and fall together, over the long-term, and falling crude prices warn of gold weakness. The bear rally in Gold is likely to meet stubborn resistance at $1250.\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=17409"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17409\/revisions"}],"predecessor-version":[{"id":17410,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17409\/revisions\/17410"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=17409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=17409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=17409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}