Gold pushes to the 0.618%
Technicals
*Gold and the USD are inversely correlated (When the USD goes up, Gold goes down since the USD is not backed by gold.) And the USD is bullish.
*With an impulse of that magnitude previously a shallow retracement is not likely.
*The trend lines just represent a wedge coming to an end and a dramatic move in a direction.
Its not my favorite chart this week but relevant enough to talk about, happy hunting guys.
*Gold and the USD are inversely correlated (When the USD goes up, Gold goes down since the USD is not backed by gold.) And the USD is bullish.
*With an impulse of that magnitude previously a shallow retracement is not likely.
*The trend lines just represent a wedge coming to an end and a dramatic move in a direction.
Its not my favorite chart this week but relevant enough to talk about, happy hunting guys.
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。