Here's an inverted scale of the previous chart which I posted for you all, showing another angle on the Gold market. Gold has tapped into our zone for sells and so far rejecting. Let's see if this huge move can play out!
I've been buying XAUUSD since prices been at early $1,600's. Is it time for a reversal? It's not impossible.
Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which can put an end to Gold's rally. Let's see what happens. I'll be looking to hedge my buy positions with sells.
I've been buying XAUUSD since prices been at early $1,600's. Is it time for a reversal? It's not impossible.
Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which can put an end to Gold's rally. Let's see what happens. I'll be looking to hedge my buy positions with sells.
