Mid-Long Term Outlook - XAUUSD / DXY
The chart analyses XAUUSD price action comparing it with the DXY.
Look at how the gold price reacts at key events and how the different correlations with the dollar index. It's pretty evident that gold keeps gaining even when DXY gets stronger, a clear indication of bullish movement.
Next week I believe we have crucial news that will push gold out of its consolidation phase into one of the two possible scenarios described on the chart.
Feel free to leave your comments...
Look at how the gold price reacts at key events and how the different correlations with the dollar index. It's pretty evident that gold keeps gaining even when DXY gets stronger, a clear indication of bullish movement.
Next week I believe we have crucial news that will push gold out of its consolidation phase into one of the two possible scenarios described on the chart.
Feel free to leave your comments...
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。