For many that did not notice, in the last 30-60 seconds of the market trading cycle on Friday, the DXY fell 0.55% (confirmed), while Gold increased from 1497-1500 (Forex). While this seems minor in the overall weighted percentage comparison, it could be an important clue as to what we can expect in this week. While DXY and Gold have somewhat disconnected from each-other in the past month, any sharp DXY drop will certainly, and heavily, favour Gold.
I believe Gold may increase upon open tonight and we should see 1525 at-least, this week.
Remember: I do not focus on shorts in my analyses. 99% of the time people lose money in the long run when shorting metallics. Gold (and Silver) are not stocks and cannot be traded like them.
Short at your own risk.
- zSplit
I believe Gold may increase upon open tonight and we should see 1525 at-least, this week.
Remember: I do not focus on shorts in my analyses. 99% of the time people lose money in the long run when shorting metallics. Gold (and Silver) are not stocks and cannot be traded like them.
Short at your own risk.
- zSplit
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