This chart is part two of a comparison of Gold-vs-DXY. DXY-is-strong, gold-is-weak. This started on May 3rd, 2016.
If you take the time to examine both charts, you will clearly see that both reversed in the same time frame.
Gold-reversed from up to down, DXY-reversed from down to up.
The negative TRADE-MAP indicators that I explained in part one are the opposite (positive) indicators for the DXY-Index.
If you are long Gold-or-gold miners shares, you may be in for a rough ride.
I would like to close with a quote from Woody Allen: “Money is better than poverty, if only for financial reasons.”
I hope the two charts have been helpful. May all of your trades go well. Don.
If you take the time to examine both charts, you will clearly see that both reversed in the same time frame.
Gold-reversed from up to down, DXY-reversed from down to up.
The negative TRADE-MAP indicators that I explained in part one are the opposite (positive) indicators for the DXY-Index.
If you are long Gold-or-gold miners shares, you may be in for a rough ride.
I would like to close with a quote from Woody Allen: “Money is better than poverty, if only for financial reasons.”
I hope the two charts have been helpful. May all of your trades go well. Don.
