I am a bigger believer in sell low, buy lower, than I am in support and resistance.
Golds reversal on Friday was accompanied by a rally in metals and commodities, meaning the US dollar weakness was in play rather than a new demand for commodities or precious metals.
If we get a renewed strength in the greenback the price of Gold will tumble. What else has changed that would justify such a move in the yellow metal?
Golds reversal on Friday was accompanied by a rally in metals and commodities, meaning the US dollar weakness was in play rather than a new demand for commodities or precious metals.
If we get a renewed strength in the greenback the price of Gold will tumble. What else has changed that would justify such a move in the yellow metal?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.