TradingView
jangseohee
Oct 4, 2014 8:05 AM

Continue or shaking Stop-Loss order Short

Gold FuturesCOMEX

Description

If US dollar index have inverse correlation since 2011, then:

1. Following my previous DXY projection, US dollar index will peak around 90.5, meaning that gold will continue to tumble to even 900 by 2016-2017
2. 2 possible downtrend are shown in the chart
3. Now that 1200 level was rejected, does the bear continue or is it just a fake broke down to sweep the stop loss..
More