Gold needs to break the previous high. This chart has been uniquely made to remove the minor turbulences between Dollar and Gold. As you may notice, gold has been failing to reach previous high. And a triple bottom has formed.
That red line at the bottom also shows that over a long period, gold has reached its significant top and for gold to go for the moon, it needs to break the bottom red line decisively with a backtest.
Needless to say, it is noticed that gold's weekly SMA have different stories to tell. Dollars weekly SMA in comparison to gold favors DXY as the golden cross has just happened (or is happening as I write).
That red line at the bottom also shows that over a long period, gold has reached its significant top and for gold to go for the moon, it needs to break the bottom red line decisively with a backtest.
Needless to say, it is noticed that gold's weekly SMA have different stories to tell. Dollars weekly SMA in comparison to gold favors DXY as the golden cross has just happened (or is happening as I write).
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Game begins?
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Dollar Still Going Strong....
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AND ITS OVER.
