GOLD at the point of no return. Dollar to beat gold, hands down!
Gold needs to break the previous high. This chart has been uniquely made to remove the minor turbulences between Dollar and Gold. As you may notice, gold has been failing to reach previous high. And a triple bottom has formed.
That red line at the bottom also shows that over a long period, gold has reached its significant top and for gold to go for the moon, it needs to break the bottom red line decisively with a backtest.
Needless to say, it is noticed that gold's weekly SMA have different stories to tell. Dollars weekly SMA in comparison to gold favors DXY as the golden cross has just happened (or is happening as I write).
That red line at the bottom also shows that over a long period, gold has reached its significant top and for gold to go for the moon, it needs to break the bottom red line decisively with a backtest.
Needless to say, it is noticed that gold's weekly SMA have different stories to tell. Dollars weekly SMA in comparison to gold favors DXY as the golden cross has just happened (or is happening as I write).
Note
Game begins?Note
Dollar Still Going Strong....Note
AND ITS OVER.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.