GOLD POISED FOR FURTHER DECLINE
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📊 GOLD CHART ANALYSIS
🌼 Here we see gold failed to break newly found resistance above 1890 which appears to be the 38.2 fibo retracement level, and as the New York Market opens we expect higher gains on the Dollar as the bulls takes on the market.
💭 In the attached chart we show the correlation between DXY the dollar on the left and Gold on the right.
💚Regards
The NFX Team™️
🌼 Here we see gold failed to break newly found resistance above 1890 which appears to be the 38.2 fibo retracement level, and as the New York Market opens we expect higher gains on the Dollar as the bulls takes on the market.
💭 In the attached chart we show the correlation between DXY the dollar on the left and Gold on the right.
💚Regards
The NFX Team™️
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