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Accelerated Action in DX and Gold

Ross Clark
Charts and Markets
Posted Aug 27, 2024

The US Dollar Index is approaching its 58-day cycle low at the end of August. This provides a good opportunity for gold to accelerate to a high. Gold is completing an upside Sequential countdown of 13 while the DX futures have a downside Sequential countdown of 12. Reversals have been common within a week of 13's. Tight stops would be appropriate for traders.

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Ross Clark
email: rossclark@chartsandmarkets.com

website: www.chartsandmarkets.com

321gold Ltd