Gold pushes to the 0.618%
Technicals
*Gold and the USD are inversely correlated (When the USD goes up, Gold goes down since the USD is not backed by gold.) And the USD is bullish.
*With an impulse of that magnitude previously a shallow retracement is not likely.
*The trend lines just represent a wedge coming to an end and a dramatic move in a direction.
Its not my favorite chart this week but relevant enough to talk about, happy hunting guys.
*Gold and the USD are inversely correlated (When the USD goes up, Gold goes down since the USD is not backed by gold.) And the USD is bullish.
*With an impulse of that magnitude previously a shallow retracement is not likely.
*The trend lines just represent a wedge coming to an end and a dramatic move in a direction.
Its not my favorite chart this week but relevant enough to talk about, happy hunting guys.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.