Gold pushes to the 0.618%
Technicals
*Gold and the USD are inversely correlated (When the USD goes up, Gold goes down since the USD is not backed by gold.) And the USD is bullish.
*With an impulse of that magnitude previously a shallow retracement is not likely.
*The trend lines just represent a wedge coming to an end and a dramatic move in a direction.
Its not my favorite chart this week but relevant enough to talk about, happy hunting guys.
*Gold and the USD are inversely correlated (When the USD goes up, Gold goes down since the USD is not backed by gold.) And the USD is bullish.
*With an impulse of that magnitude previously a shallow retracement is not likely.
*The trend lines just represent a wedge coming to an end and a dramatic move in a direction.
Its not my favorite chart this week but relevant enough to talk about, happy hunting guys.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.