The similarity is uncanny
Updated
- On the larger trend we see gold in downward trend however it's still in the buyers area.
- A word of caution to if you choose to sell and hold for a while.
- If it break the level in blue it should hold true till the support line.
- Currency pairs for this would be the CHF and AUD. as well as USD due to the fact that people tend to hold more in gold when the dollar faces some constraints
- A word of caution to if you choose to sell and hold for a while.
- If it break the level in blue it should hold true till the support line.
- Currency pairs for this would be the CHF and AUD. as well as USD due to the fact that people tend to hold more in gold when the dollar faces some constraints
Comment
- Current gold is on a level at the moment. Look at the Day chart to see. - Will be looking for gold to fade the momentum in order to go long
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