Originally Posted on 1/21/2018 @ 4:38 pm
Last Edited on 01/22/2018 @ 12:17 pm
by Steven Warrenfeltz
Subscribe to this Blog
Hello,
Thank you for visiting the Free-Bullion-Investment-Guide's latest blog post, before we get to the precious metals review and outlook, below are some of the Best Bullion Market-Related News articles that were taken from this guide's home page, over the past few weeks.
Two weeks ago, in this guide's last blog post, I mentioned the following about the dollar's future rebound.
In the outlook chart below, you can see that the Dollar has formed a narrow 'Falling Expanding Wedge' pattern.
It is a positive pattern, but because of how narrow it is, it's hard to say how positive it will be for the dollar's future, quite honestly it could end up looking a lot like a 'dead cat bounce,' but its too early to say how the dollar will rebound after its latest fall.
At the time of the last post's writing on January 7th, it was too early to say what was going to happen, but a 'Dead Cat Bounce' is what happened to the U.S. dollar after it briefly confirmed the 'Falling Expanding Wedge.'
The question is: Why did it happen so soon?
Shortly after the last blog post was posted, all looked to be going as expected.
The dollar was rebounding and gold and silver were pulling back in price as the blog post's title stated: A Rebound in the Dollar will cause Silver and Gold to Dip.
The article states that some of China's senior government officials had recommended slowing or halting purchases of U.S. Treasuries.
However, the Bloomberg story doesn't go into any specific detail about why they stated this, nor does the story say which government agency the 'senior government officials' work for in China.
Regardless of who in the Chinese government said that it was contemplating slowing or ending their purchases of U.S. Treasuries, the story was enough to make traders 'freak out' and sell the dollar, making it drop in price, halting its rebound.
In my preparation for this blog post's introduction, I looked up the latest U.S. Treasury Department's report of Major Foreign Holders of Treasury Securities; here.
Review & Outlook
|
All the charts on this blog are Daily Charts unless noted otherwise.
Two weeks ago, I wrote the following about the U.S. Dollar and posted the chart below.
In the outlook chart below, you can see that the Dollar has formed a narrow 'Falling Expanding Wedge' pattern.
It is a positive pattern, but because of how narrow it is, it's hard to say how positive it will be for the dollar's future, quite honestly it could end up looking a lot like a 'dead cat bounce,' but its too early to say how the dollar will rebound after its latest fall.
Lastly, you'll notice in the dollar's MACD chart below, I've traced the bar chart with a 'black line,' this is a clear indication that a rebound should happen in the dollar's price soon.
Plus, the RSI, below the MACD, has already started to show that a rebound is due to happen to the dollar.
In the chart below, you can see that the U.S. dollar briefly bounce up and confirmed the narrow 'Falling Expanding Wedge' pattern.
However, after the Bloomberg article mentioned in the intro was released, the dollar ended up tumbling down like a dead cat.
In the U.S. Dollar's outlook chart below, I adjusted the upper trend-line of the positive 'Falling Expanding Wedge' pattern.
Even though the pattern was confirmed two weeks ago, it's still the most prevalent technical pattern that can be found in the U.S. Dollar's chart, so because of this, some sort of rebound in the dollar is still expected.
In addition, before the Bloomberg article was released more of a rebound in the dollar was expected prior to its 'dead cat bounce', but now it is trading low in oversold territory as its MACD and RSI indicate.
So, at the very least, the U.S. dollar is expected to break above the new upper trend-line of the 'Falling Expanding Wedge' sometime in the next week or two.
Charts provided courtesy of TradingView.com
U.S. Dollar's Resistance Levels
$92.00
$91.00
U.S. Dollar's Support Levels
$90.00
$89.50
Two weeks ago, I wrote the outlook for silver and posted the chart below.
As silver rose in price, the Rising Expanding Wedge in the chart below slowly started to take shape.
Now that the price of silver has moved up, it looks to be in the process of a pullback, the negative 'Rising Expanding Wedge' pattern isn't the only sign that indicates this will happen.
Another negative sign is in Silver's MACD chart below, its bar chart, like the dollar, has started to move in the opposite direction of its signal lines.
Due to all of the negatives in silver's chart, we should see a pullback in its price and the 'Rising Expanding Wedge' pattern is expected to be confirmed sometime in the next week or two.
In the chart below, you can see that a pullback did start to take place in silver's price chart, but after the Bloomberg story came out on January 10th, it bounced back up, giving us another example of where Fundamentals always override Technical Analysis.
However, after the hype of the story died down silver came back down in price confirming the negative 'Expanding Rising Wedge' pattern.
In Silver's outlook chart below, it has formed a positive 'Falling Wedge' pattern.
The pattern has just formed and the MACD and RSI are both giving the indication that the price of silver may continue to consolidate inside of the wedge before it moves out of it.
Plus, the U.S. Congress is currently dealing with the shutdown of the government, so until 60 senators can agree on a funding bill, we may see silver flirt with the upper trend-line sooner rather than later, ultimately time will tell.
Charts provided courtesy of TradingView.com
Silver's Resistance Levels
$18.20
$17.50
Silver's Support Levels
$16.50
$16.00
Below, is what was written in the gold outlook from two weeks ago and its corresponding gold chart is below it.
Like silver, now that the price of gold has moved up with a lot of momentum, some of that momentum is starting to wane.
In addition, like silver, gold has also formed a negative 'Rising Expanding Wedge' pattern that is narrow in shape.
The narrow shape of the 'Rising Expanding Wedge' pattern found in gold and silver's price charts gives the possible indication that the two precious metals may see a limited pull back; time will tell.
The other indication that shows gold is due for a pullback is gold's MACD bar chart, like the dollar and silver's MACD has indicated, gold's bar chart has also started to change directions.
Plus, gold's RSI is also peaking in overbought territory.
As seen in the chart below, the price of gold, like silver, did start to pullback in price, but after January 10th, it bounced back up in price.
Unlike silver, gold still has not broken below its negative 'Rising Expanding Wedge' pattern, which may have something to do with what's happening concerning the funding of the U.S. government.
So the price of gold may move up higher as traders move into it because it is a safe haven.
However, sometime in the near future, gold should follow silver and confirm its negative 'Rising Expanding Wedge' technical pattern.
Charts provided courtesy of TradingView.com
Gold's Resistance Levels
$1375.00
$1350.00
Gold's Support Levels
$1310.00
$1295.00
Thank You for Your Time.
Have a Great Week and God Bless,
Steve
'Click Here' see all of the prior Blog posts,
Investment/Information Disclaimer: All content provided by the Free-Bullion-Investment-Guide.com is for informational purposes only. The comments on this blog should not be construed in any manner whatsoever as recommendations to buy or sell any asset(s) or any other financial instrument at any time. The Free-Bullion-Investment-Guide.com is not liable for any losses, injuries, or damages from the display or use of this information. These terms and conditions of use are subject to change at anytime and without notice. |
The Dollar's Dead Cat Bounce Blog Post
Support this Guide & Paypal Thank You for Your Support |
|
|
![]() |
Search the Guide
search engine by freefind | advanced |
Daily
Newsletter
Gold Libertads |
Chinese Gold Coin Group Co.
& Chinese Bullion
Help Us Expand our Audience by forwarding our link
www.free-bullion-investment-guide.com.
Thank You!
In No Particular Order
August 2025
Shaping the Story: How Shape and Size Enrich a Coin’s Narrative - Royal Canadian Mint Gold Investors Go It Alone for Advice - Bullion Vault Graphic: Charted: The History of U.S. Recessions - Visual Capitalist Silver on USGS critical mineral list: stockpiling by US Government in the works? - Yesterday, August 25, 2025, the US Department of the Interior (DOI), through the US Geological Survey or USGS, listed Silver as a critical mineral.- Silver Bullion (Malaysia) Fidelity: Why the gold bull run is far from over - Asset class is not losing its shine and is already up 28% year-to-date- PA advisor Video: Further Upside in Gold Driven by Falling USD: Morgan Stanley - Bloomberg Gold is more like Manhattan real estate than oil, according to Goldman Sachs - Gold may be a commodity, but its price moves more like prime Manhattan real estate than barrels of oil, Goldman Sachs analysts wrote- Forbes (msn) (.pdf) Report: Market Trend Report for Key Physical Silver Investment Markets August 2025 - The Silver Institute Engelhard Bullion is Revitalized: MKS PAMP GROUP and BASF ECMS Proudly Revive Iconic Engelhard Classics at ANA 2025 - MKS PAMP Tariff Rebate Checks Are a Bad, Inflationary Idea - reason Decoding US gold bar tariff twist: how customs ruling jolted global bullion markets - invezz Report: Gold Demand Trends: Q2 2025 - World Gold Council Bullion Holding Firm - Precious metals remain steady, but collector demand for gold and silver coins surges at home and abroad, with dealers reporting strong turnover and buyers eyeing coins as inflation hedges.- Numismatic News Redollarization and Digital Statecraft: How Stablecoins Are Rewiring Global Power - Stablecoins, Statecraft, and the New Dollar Megastructure through the Genius Act - Financial Sense (.pdf) Report: Monthly Gold Compass - August 2025, Analysis includes: Gold, Silver, Mining Stocks Review, and more... - incrementum The Price of Gold Over the Decades - 24/7 WallSt. Antiques: Not all silver dollars are alike. What are yours worth? - The Desert Sun Palm Springs (msn) Mysterious coin linked to Jesus' biblical prophecy discovered - Daily Mail (.pdf) Report: Global Silver Investment Heightens in 2025 - Inflows into Silver-Backed Exchange-Traded Products Already Surpass 2024 Totals - The Silver Institute Graphic: Silver Mine Production Meets Surging Industrial Demand (2016-2025) - Mining Visuals The return of the gold bugs - Rothschild & Co. Podcast: Leigh Goehring On The Coming Revolution In Asset Markets - The Felder Report America Shocked After Learning Debt Must Be Paid Back - Stop the presses: Americans have just learned that borrowing money means eventually paying it back. Who could have guessed?- Quoth the Raven Margin of Safety - Bullion Vault Gold Nanoparticle Cancer ResearchSona NanoTech Provides Update on First-In-Human Clinical Trial on Treating a Variety of Melanoma Tumors - Sona NanoTech Light-and-sound-based thermometer helps gold nanoparticles destroy cancer - Biomedical engineers at Duke University have developed a method to more precisely heat up gold nanoparticles to target and destroy cancerous tumors. - PHYS.org $2 One-Drop Blood Test Detects Hidden Diseases in 15 Minutes - A new $2 gold nanoparticle test can detect deadly diseases in minutes, without a lab, offering life-saving speed and accuracy anywhere in the world. - SciTechDaily |
All Articles were Originally Posted on the Homepage