TradingView
SinaZeinalZadeh
Apr 8, 2021 2:48 PM

DXY! What do we expect? 

US DOLLAR CURRENCY INDEXINDEX

Description

As a good reference to find out what will happen to XAUUAD, we can check out the DXY chart. As you can see it is now in a box in which we can expect a dramatic move. The Biden administration has increased hopes about USD performance since arrival at the office, but spendings has always consequences. So my prediction is that we may face a downfall first, then we see the real impact of economic reconstructions with a rise.
I would be glad to see your comments below about this analysis.
More