Hello Traders! We think that gold could offer some trading opportunities this week, let's see ...
Thank you for your support and trade with care!
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Pullback in progress, we look forward to seeing the SP500 development, because we can not rule out new high, and consolidation phase about the yellow metal.
Hi, Do you predict that the next move will be bearish until the end of this month ?
toothless
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THANK YOU! Would you be able to elaborate why you think there would be such a drop from 4, especially if dollar finally declines?
TheAnonymousBanker
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The correlations and divergences often have different times, and sometimes, it's not easy to make comparisons. Wave 4 is a corrective movement of an impulsive structure, and right now, the impulse is bearish. Dollar declines? I don't know if it will drop structurally in short term, it's very difficult to say, and the only thing we can do, is to monitor the yield curve (10y/ 5y).
toothless
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Many many thanks for your explanation!
toothless
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always learning from this page
TheAnonymousBanker
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Thank you! :) Our job, is the most beautiful in the world because you never stop learning!! ...great future! :)