On the trading charts, XAUUSD and DXY are moving in opposite directions.
But recently, even though DXY pulled back to 100, XAUUSD didn’t drop. There are extra factors like geopolitical issues, but we're focusing on the technical side here.
Tech charts show that gold is still strong, just in a sideways move right now. It’s waiting for the dollar to pull back to a...
When the SPX500 daily chart shows divergence, and the market breadth index is in an overbought or oversold condition, these are key trading opportunities.
Currently, we see that the market breadth index has entered the overbought zone.
Once the SPX500 daily RSI shows a divergence signal, it will be time to short.
There may be a period of consolidation, so we need to wait.
