GOLD vs EUR_USD correlation
Seeing these similarities allows one to assess the markets in depth.
Which instrument leads and moves first? I don't know
But my guess would be-the dollar moves first, as it is the dollars fundamental flows that that determine investors interest in gold, which is a safe haven asset but not an assets in the usual sense. One can't lend gold. One can't make purchases with gold either.
Hope you find this helpful.
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