Gold Spot / U.S. DollarUpdated THE NEXT MOVEMENT WILL CONFIRM A BIG BULL MARKET IN GOLD.
It is simple. Price are usually weakening before fed meeting. Prices may bounce a little or continue to consolidate. The next low should arrive around the time of the March Fed meeting. WE ARE AT A FLECTION POINT FOR THE DOLLAR . GOLD BREAKOUT IS LINKED TO A BREAKDOWN IN THE DOLLAR BELOW 88. I am a strong believer in correlations market. Usd/zar is collapsing right now with the same 2001 pattern, so what we should expect?
Yes, dollar will continue to go down.
Yes, dollar will continue to go down.
Note
Note
Same situation with Eur/usd. The breakout zone will happen at the same time when it will clear the 1.25 zone to the upside. More downside also here until rate hikes. Note
Another prospective view with Usd/Dkk
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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.