{"id":17890,"date":"2019-02-16T01:24:52","date_gmt":"2019-02-16T01:24:52","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17890"},"modified":"2019-02-16T01:24:52","modified_gmt":"2019-02-16T01:24:52","slug":"gold-rallies-but-so-does-the-dollar","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/02\/16\/gold-rallies-but-so-does-the-dollar\/","title":{"rendered":"Gold rallies but so does the Dollar"},"content":{"rendered":"

A long-term (monthly) chart shows Crude Oil (WTI Light Crude) has broken below its trend channel and is testing support at $45\/barrel.<\/p>\n

\"Crude<\/p>\n

Weak crude tends to coincide with a strong Dollar. Breakout of the Dollar index above 97 is likely. Rising Trend index troughs indicate buying pressure.<\/p>\n

\"Dollar<\/p>\n

Gold is headed for another test of resistance at $1350\/ounce but a strong Dollar is likely to undermine a primary advance.<\/p>\n

\"Spot<\/p>\n

The All Ordinaries Gold Index broke resistance at 5400\/5500, signaling a primary advance with a target of 7000. That will depend on further weakness in the Aussie Dollar and\/or a stronger gold price.<\/p>\n

\"All<\/p>\n

Conclusion: We are witnessing a rally in Gold due to global uncertainty but the LT outlook, with declining crude and a stronger Dollar, is still bearish.<\/p>\n","protected":false},"excerpt":{"rendered":"

A long-term (monthly) chart shows Crude Oil (WTI Light Crude) has broken below its trend channel and is testing support at $45\/barrel. Weak crude tends to coincide with a strong Dollar. Breakout of the Dollar index above 97 is likely. Rising Trend index troughs indicate buying pressure. Gold is headed for another test of resistance … <\/p>\n

Continue reading “Gold rallies but so does the Dollar”<\/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":[166,898,1073,3204],"class_list":["post-17890","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-gold-precious-metals","category-us-dollar-index","tag-all-ordinaries-gold-index","tag-crude-oil-2","tag-dollar-index","tag-spot-gold"],"yoast_head":"\nGold rallies but so does the Dollar - 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=\"Gold rallies but so does the Dollar - the patient investor\" \/>\n<meta property=\"og:description\" content=\"A long-term (monthly) chart shows Crude Oil (WTI Light Crude) has broken below its trend channel and is testing support at $45\/barrel. 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Breakout above $55 would signal another rally but declining peaks on the Trend Index warn of selling pressure. Expect another test of $45. Breach of support would signal a decline to test the\u2026","rel":"","context":"In "Chinese Yuan"","block_context":{"text":"Chinese Yuan","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/chinese-yuan\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16256,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/12\/aussie-gold-stocks-continue-strong-run\/","url_meta":{"origin":17890,"position":1},"title":"Aussie Gold stocks continue strong run","author":"Colin Twiggs","date":"May 12, 2018","format":false,"excerpt":"The Dollar rally is slowing, with the Dollar Index running into resistance at 93, ahead of the anticipated 95. Penetration of the descending trendline suggests that a bottom is forming. Bullish divergence on the Trend Index indicates buying pressure. Retracement that respects the new support level at 91 would be\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17674,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/15\/gold-rallies-despite-strong-dollar\/","url_meta":{"origin":17890,"position":2},"title":"Gold rallies despite strong Dollar","author":"Colin Twiggs","date":"December 15, 2018","format":false,"excerpt":"Falling crude prices show a dead cat bounce at $50\/barrel, warning of further selling pressure. OPEC production cuts have not helped much as the market anticipates slowing demand from China. The Dollar Index is strengthening, with Trend Index troughs above zero signaling buying pressure. Follow-through above 97.50 would signal an\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & 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":17912,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/02\/25\/gold-oil-divergence\/","url_meta":{"origin":17890,"position":3},"title":"Gold-Oil divergence","author":"Colin Twiggs","date":"February 25, 2019","format":false,"excerpt":"The crude oil bounce continues but the primary trend is down. WTI Light Crude (shown here on a monthly chart) is likely to test resistance at $60\/barrel, followed by another test of primary support at $45. Weak crude tends to coincide with a weak gold price. At present the two\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"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":17890,"position":4},"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 "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"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":17890,"position":5},"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. 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