Factor Alert, March 17, 2018 — Australian Dollar weakness
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Peter Brandt entered the commodity trading business in 1976 and is considered by many leading authorities to be one of the best classical chartists and traders.
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Bitcoin ($BTC) is bumping up against the neckline of an arguable H&S bottom pattern. This is the point at which prices could accelerate … or fail.
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Gold’s massive H&S bottom continues to develop, but overhead resistance could be stiff. The technical significance of the resistance in the 1350 to 1390 zone in Gold cannot be over- stated. This zone has contained rallies in Gold on five occasions (including the current rally), as shown on the weekly chart.
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