repos or short-term deposits<\/a> by the Fed, to offset the effects of long-term bond purchases, would dampen inflation expectations and reduce the allure of gold for investors. It would also strengthen demand for the dollar.<\/p>\nBreakout of the Dollar Index above 80.00 would signal an advance to 82.00 and confirm the primary up-trend. The long-term target remains at 85.00*.<\/p>\n
![\"US](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-03-07-dxy.png?w=525&ssl=1\")
<\/p>\n
* Target calculation: 80 + ( 80 – 75 ) = 85<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Spot Gold broke medium-term support at $1700 to signal another correction, with an initial target of $1600. Breach of this level and the rising trendline would warn that the long-term up-trend is slowing. Reversal of 63-day Twiggs Momentum below zero would also suggest a primary down-trend. Introduction of repos or short-term deposits by the Fed, … <\/p>\n
Continue reading “Gold weakens”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[3204,3557],"class_list":["post-3759","post","type-post","status-publish","format-standard","hentry","category-gold-commodities","tag-spot-gold","tag-us-dollar-index"],"yoast_head":"\nGold weakens - 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 weakens - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Spot Gold broke medium-term support at $1700 to signal another correction, with an initial target of $1600. Breach of this level and the rising trendline would warn that the long-term up-trend is slowing. Reversal of 63-day Twiggs Momentum below zero would also suggest a primary down-trend. 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Respect of the rising trendline would signal continuation of the primary up-trend, while failure of support would warn of a down-trend to test support at 73.00. Reversal of 63-day Twiggs Momentum below zero would strengthen\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1593,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/dollar-declines-gold-and-commodities-rise\/","url_meta":{"origin":3759,"position":1},"title":"Dollar declines, gold and commodities rise","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"The Dollar Index retraced to test the new support level at 76.00. Respect would confirm the primary up-trend, while failure would signal trend weakness. A trough above zero on 63-day Twiggs Momentum would strengthen the bull signal. * Target calculation: 80 + ( 80 - 76 ) = 84 Gold\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4023,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/04\/gold-falls-as-the-dollar-rallies\/","url_meta":{"origin":3759,"position":2},"title":"Gold falls as the dollar rallies","author":"Colin Twiggs","date":"April 4, 2012","format":false,"excerpt":"The Dollar Index rallied to test resistance at 80.00. Breakout would indicate respect of the rising trendline and another primary advance. Recovery above 82 would confirm the target of 86*. Respect of the zero line by 63-day Twiggs Momentum would also strengthen the signal. * Target calculation: 82 + (\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4106,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/18\/which-way-gold-2\/","url_meta":{"origin":3759,"position":3},"title":"Gold, Silver and the Dollar","author":"Colin Twiggs","date":"April 18, 2012","format":false,"excerpt":"The Dollar Index met strong resistance at 80.00 and is likely to re-test support at 78.00. Upward breakout would signal continuation of the primary up-trend, while failure of support would warn of reversal to a down-trend. In the longer term, breakout above 82.00 would offer a target of 86.00*. Respect\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4056,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/11\/which-way-gold\/","url_meta":{"origin":3759,"position":4},"title":"Which way gold?","author":"Colin Twiggs","date":"April 11, 2012","format":false,"excerpt":"The Dollar Index is consolidating on the weekly chart, indicating uncertainty. Respect of resistance at 80.00 would warn of another test of support at 78.00, while breakout would indicate continuation of the primary up-trend. In the longer term, breakout above 82.00 would offer a target of 86.00*, while failure of\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3812,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/14\/gold-falls-as-the-dollar-rises\/","url_meta":{"origin":3759,"position":5},"title":"Gold falls as the Dollar rises","author":"ColinTwiggs","date":"March 14, 2012","format":false,"excerpt":"The US Dollar Index broke resistance at 80 on the Weekly chart, signaling an advance to 82. The Index is already in a primary up-trend, as indicated by 63-day Twiggs Momentum above zero. Breakout above 82 would offer a target of 86*. * Target calculation: 82 + ( 82 -\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3759","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3759"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3759\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Spot](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-03-07-gold.png?w=525&ssl=1\")
<\/p>\n