US Dollar Index is following the expected Pattern 81.18 to 80.18 as it Made a High of 81.21 & Cracked.Now trading @ 80.88 , Indicating a Further Drop in Prices
The failure of dollar Holding the 81 mark has already hit a Sentiment Panic Button > While it seemed Ditto Based On the gold silver Spike Up is the Hint given By markets
As 81 is the Psychological support and failure of that has sent Investors to Hang on to Gold Fearing Worst - & as per the alert Initiated that DOLLAR INDEX IS IN EXPANTION PHASE and during this Stage one cannot expect prices to trade ditto to technicals - supports and Resistance and that's a simple and General Phenomenan , and in such stage its very much likely that $DXY will Violate 80.0 levels sending the crowd and Chartists including some of the Technicians into Tizzy >> & Consider a Reversal Pattern But the SUPER BULL PATTERN DXY HAS MADE 86.06 - 88.08 - 88.80 IS STILL INTACT
So we Expect Gold and Prices to move more sharply once dxy violates 80.65 - 80.45 > Gold will be pushed above the technical Resistance 1406 while due to expansion phase the panic can send the dollar index prices to crack 80 targeting 79.20 & The minute 80 is Violated Gold Prices will Be Spiking Clearing all technical resistances swiftly make its way to 1474 - 1484 followed by further Rally toward 15++ levels when dollar drops below 79.65 & we expect 79.20 #Call the Bottom
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