USD. And now ?
The USD futures show enormous weakness. Not only did we accept semi-circular resistance for several months, but we bounced off the 200 EMA.
Gold is in huge anti-correlation to USD futures and has been boosted by the geopolitical situation. If the situation worsens on its own or lasts longer, we will continue to experience weakness.
With more escalation, we can even break the resistance to the downside. That would be a significant advance for gold.
Gold is in huge anti-correlation to USD futures and has been boosted by the geopolitical situation. If the situation worsens on its own or lasts longer, we will continue to experience weakness.
With more escalation, we can even break the resistance to the downside. That would be a significant advance for gold.
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