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Dollar Weakness, Gold continue to rise

November 17th, 2009 Leave a comment Go to comments

Since the Fed inject massive fund to help American economy, there is a threat of the declining dollar. Declining dollar can cause the inflation and many other impact.  Right now we already face it and seems don’t have any sign of when it is end.

Picture 3

See…. The Dollar keep declining. But there some bullish divergence on MACD.

Let’s see the impact on EUR/USD

Picture 1

EUR/USD now near all the time resistance level. If dollar keep declining, this can break out and make a new high

Gold up up and away

Picture 2

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