Description:
Gold (XAUUSD) is showing signs of a potential drop as the US Dollar Index (DXY) rests on a strong daily support zone. Historically, when DXY bounces from these levels, gold and other major pairs tend to drop due to the inverse correlation.
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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.