It held. And there are major implications for /mining stock investors.
The USD Index’s breakout held.
There was a sharp move lower in the that triggered the move higher in gold yesterday, but none of them stayed in place for long. The USDX moved back up, and gold moved back down.
This might have seemed random or erratic to bystanders, but from the analytical point of view… It was a masterpiece.
The bearish forces simply failed to push the USD lower. This is a book example of how a verification of the breakout looks like.
It was big – the intraday moves were sizable.
And it was beautiful, because ultimately the USDX closed the day almost unchanged, and it already moved higher today.
This is completely unsurprising to you as you’ve been following my analyses and if you’ve been aware of my Peak Chaos theory. What we see now is just a technical confirmation of what was brewing for…
