$DXY going higher!

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I expected DXY to dive to 97 before this because I didn't think the BOJ could hold on this long. I guess we need the dollar to go higher to make the BOJ to dump treasuries so the FED can cut rates and metals can hyperinflate.

DXY is bull-flagging and TTM squeeze is ready on EVERY TM!
That means a huge slam for gold is coming up...
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Targets
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BOOM - good bounce! 快照

Next week will be interesting to watch!

x.com/TTCSteve/status/1796523784121520601

I'm on the Alt B route for the dollar - pm's take a summer break, regroup in the fall before the FED ends up rug pulling after the election.
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RSI oversold, golden cross bouncing off the 200 - but oddly gold isn't hitting as high as it should be for the DXY to be down .40%. Something tells me this move in the dxy is clearing stops and paper hands before going back up...
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Looks like the ECB, BOE and BOC are all cutting rates this month, this should push the dollar up, it appears that this push down was to stunt that rip. Could bounce off the red support to push the long channel into play if it doesn't recover this week...
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Will it tag red support? If it tags that gold will hit previous high. If DXY starts its descent to 97 (crazy that it would before other currencies capitulated in this environment) then gold will hit $3,500 and silver will hit $50.
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But I am of the belief that this was a fake break down and looking at the weekly chart it does have a chance to bounce back up into the channel, taking gold and silver and miners down - gold going down to 2100 and silver down to 22-24.
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x.com/i3_invest/status/1798338990837539059

Target 120 for DXY but not until 2025
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Well looks like that breakdown was a fakeout like predicted. Now the dollar is going to 108ish before tanking from rate cuts in the fall...
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Calibrated paths, since the central banks are reactionary - China has to wait till the dollar strengthens before devaluing, forcing BOJ to liquidate treasuries to save their bond market after likewise devaluing to stay competitive with China. The FED will cut rates - which'll buoy metals and miners.

The FED cuts will force the dollar down to 97 area before blasting off in it's last flight up before destroying all other currencies and the dollar last. Since chances are gold will be revalued by then, I don't see the dollar taking off affecting metals and miners anymore after this last dip we're experiencing.

In Phase 4 of societal breakdowns and upheavals, the dollar will tend to up WITH metals at the same time, so load up on metals while they're down.
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x.com/TTCSteve/status/1799738274141122813

105.50 is the barrier to higher for longer for the dollar.
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I'm on the side that the FED will be more hawkish because stocks are not melting down to warrant rate cuts - which illustrates the lagging indicators and reactive nature of the FED.

If this is the case, this will spark turmoil in the markets and will push rate cuts to September AFTER the market melts down (Precious metals and miners, SPY, NVDA, KRE, EURSD). This will kneejerk the markets even lower to reset values before blasting off (like Covid) in fall - right before the election. The media will fawn over Biden (if he doesn't bow out to Newsom or Michelle before then) and talk about market ATH's due to the FED cutting rates and juicing the markets (one last time).

If Powell and the FED are dovish, then inflation will reignite even harder going into the election. If the FED is dovish, then all bets are off and I'm fully into precious metals and miners. Hedging along the way for Black Swans (check out my SILJ fractal chart that shows another market capitulation (maybe due to birdflu or Taiwan).

After the election, reality will set in, and the markets will take a huge dive after inflation reignites and the FED is forced to raise rates (for the last time). This will cause a kneejerk reaction in the markets and destroy EVERTHING as the dollar DXY ascends to 140-160+.

If Biden is elected, the US and the rest of the world gets CBDC's after great chaos (war, Pandemic2 etc.). If Trump gets in we're transitioning to a gold standard which will bring about a temporary deflationary collapse while robot AI is rolled out. Europe MAY get to transition to the same if Trump gets in, if Biden gets in, Europe is LOST to hordes of immigration and the WEF's Great Reset will happen the way they want it to.

Either way you'd be wise to stock up on food, ammo and precious metals and cash (if Trump gets in - if Biden wins it'll be banned).

Also, bitcoin will descend like Harry Dent talks about, so will gold. Gold will go back down to $800 an ounce, bitcoin $4,000 before the next generation of technology takes gold to $20,000 and bitcoin to $400,000+.

Then it'll all be tested when the pole shift happens in 2046...

Enough stories for today!
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50 is piercing accumulation box getting ready to lift the dollar up
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BIG PICTURE:

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This is if the FED is hawkish which'll prompt more rate cuts from western central banks, pushing up the dollar even more...

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All rests with the FED now, the two ways the DXY will go - and gold will respond in kind...
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This can't be good for gold if the dollar bounces here after retracing the trendline. If the FED holds tight with one rate cut this year that'll be hawkish and the dollar will soar and gold will plummet. If the FED hints at a cut in July that will be dovish and gold will soar and dollar will break support. Hinting at a cut in September is still dovish depending on how the other members vote in the dot plot...
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Breaking
FOMC. No rate cut.
Cuts pushed back.
Expecting an increase in the PCE core rate.
Wow. Very hawkish statement
Fed expects only 1 rate cut in 2024 plus they warned of elevated rates in 2025.
Rug pull
x.com/StealthQE4

"Four Fed officials see no rate cuts this year, up from two officials in the March projections
Seven see one cut, while eight see two cuts.
This means a narrow majority sees no more than one cut this year as a base-case."
FED BOI Nick Timaraos
x.com/NickTimiraos/status/1800952380336300504

TRANSLATION: DOLLAR UP, METALS, MINERS AND BONDS DOWN.
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Face-ripping time...
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