Top Analyst Just Predicted A 7% Plunge In The US Dollar That Will Ignite The Gold Market

Friday, May 10, 2019
By Paul Martin
May 10, 2019

Today top Citi analyst Tom Fitzpatrick told King World News that the US dollar is now in danger of tumbling much lower. Of course gold bulls have been waiting for the US dollar to give way and ignite a rally in the gold market.

Trouble For The US Dollar
May 10 (King World News) – Top Citi analyst Tom Fitzpatrick: The US Dollar Index has failed to see any momentum follow through in recent weeks and as a result one of our favorite warning indicators is close to completing.

Triple momentum divergence on the weekly chart (High followed by higher high followed by higher high in price accompanied by lower and lower high in momentum) looks almost certain to complete its crossover at the close today (see divergences on chart below).

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