We have a nice cup shaped base on the monthly log chart with a long term positive reversal in the monthly RSI (dashed line) which is encouraging . Price has stalled at the horizontal level labeled 33. On the daily chart the current action looks to me like a consolidation triangle. If the US dollar continues to fall then likely we will see a break up out of the triangle. IFFF it does my intermediate target will be around 2300 based on the positive reversal on the daily log chart (vertical arrows).
As always: all "analysis" can be completely wrong. So process your way.
Have a good week.
As always: all "analysis" can be completely wrong. So process your way.
Have a good week.
