Currencies and Inflation

$USD U.S. Dollar Chart, Falling Wedge

Ha, I use 2 different variations of my first name. Depending on that my name anagram comes to BLUNTER SHOVE or NERVOUSLY BEAT. The first one is a disturbingly accurate description of (some of) my traits.

U.S. Dollar

(see, pretty blunt)

Very short term but still, possible falling wedge — a bullish reversal pattern — is developing on the U.S. dollar chart. Imo dollar going up won’t necessarily hurt gold because in the last couple of weeks both gold and the dollar were advancing at the same time, at least a few times.

Click to enlarge