seine

Dollar puts pressure on gold

INDEX:DXY   U.S. Dollar Index
162 5 5
Hmm.
I agree, it's the probable outcome.
On the other hand, I'd wait for NFP to take a position here.
+1 Reply
seine IvanLabrie
2 years ago
how do you know if NFP has taken a position or not?
Reply
Gold could be building a shelf support before starting a new trend upward.
+1 Reply
seine QuantitativeExhaustion
2 years ago
Possible. It has been acting strong besides the strength in dollar. All intermarket relationship may be denied and gold may go off the roof!
Reply
seine
2 years ago
Congrats to all the put buyers of FXE!
+1 Reply
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