Oro / DollaroShort
XAU Short (updated)
OOPS - I am no great chartist, but I do like looking for relationships.
Here relative to gold I am plotting SPX and VIX and I do have a clearer vision of what the SPX should be doing as what Gold is going to do.
(I will attempt to publish another chart on JPY & XAU but for now just remember to be careful when trading this idea as Gold and US exchanges were closed on Friday as they will be on Monday, however Friday saw continued downward momentum of USDJPY if this continues through to Monday then there is a clear risk of a short-term up spike in XAUUSD as a result of the inverse correlation between these two pairs.)
Here relative to gold I am plotting SPX and VIX and I do have a clearer vision of what the SPX should be doing as what Gold is going to do.
(I will attempt to publish another chart on JPY & XAU but for now just remember to be careful when trading this idea as Gold and US exchanges were closed on Friday as they will be on Monday, however Friday saw continued downward momentum of USDJPY if this continues through to Monday then there is a clear risk of a short-term up spike in XAUUSD as a result of the inverse correlation between these two pairs.)
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