The $1620 level underneath has been massive support as we have formed a little bit of a “double bottom” which of course is a very important level to watch. If we break down below the level, then it’s likely that we go down to the $1600 level, and then possibly down to the $1500 level. Dollar Likely to Continue Strengthening I do believe that the US dollar continues to strengthen for quite some time, and therefore it’s likely that what we see is a short-term rally that is sold into every time we do bounce. I believe that the Federal Reserve is going to have to continue to do everything they can to fight inflation, and ... (full story)