Annual momentum (price vs 3 year MA) shows a triangle formation.
A weekly close above this triangle (possibly happening now) will mean gold begins a multi-year secular move to the upside.
Momentum structures in DXY also suggest that USD has begun a downtrend.
Get ready.
A weekly close above this triangle (possibly happening now) will mean gold begins a multi-year secular move to the upside.
Momentum structures in DXY also suggest that USD has begun a downtrend.
Get ready.
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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.