DXY (Daily Time-Frame)
Gold and the DXY have a high negative correlation. As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY.
This explains why we had a lot of Bull pressure generally on Gold so the last couple of weeks
Let me know what you think
This explains why we had a lot of Bull pressure generally on Gold so the last couple of weeks
Let me know what you think
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