FX_Professor_88

🤔Dollar rising and Gold rising (as expected!)😉

Long
TVC:DXY   U.S. Dollar Currency Index
Our updated Dollar chart. Close to major resistance again.

Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short:

no inflation , dollar is doomed...what happens to gold then? it goes UP

high inflation , dollar goes down and therefore people tend to hold money in the form of gold (and btc ). Therefore, in times when inflation remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. So Gold up again 🔝

Weird yes? Not really, it's the times we live in, the times are weird more than the prices. An it will be a crazy year.

ps. CIP ( inflation ) data came out exactly as forecasted, no major news on inflation today. I had prognosed that Gold will rise together with dollar just 3 days ago. ask me privately and I will show you )

ps2. Dollar rising and Gold rising...what happens if dollar drops next?? Take a wild guess guys

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Comments

looks like we have a similar view
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beautyful idea
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Good idea!
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