XAUUSD Extremely tight correlation with the DXY right now
It is natural for XAUUSD/ Gold to have a negative correlation with the DXY as the yellow metal is denominated in USD.
We have to point out and highlight however that in recent weeks, this inverse correlation had become tighter than ever. With the DXY on a long term Resistance level, look for a breakout above it to sell or rejection under it to buy Gold.
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We have to point out and highlight however that in recent weeks, this inverse correlation had become tighter than ever. With the DXY on a long term Resistance level, look for a breakout above it to sell or rejection under it to buy Gold.
Follow us, like the idea and leave a comment below!!
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