davidtrueblue

DXY XAUUSD Correlation Remains High

1/GC1!  
1/GC1!  
Using the DXY             as a rough proxy for the USD shows that it has a very high inverse correlation with gold             . Being bullish on gold             implies you expect DXY             to continue falling off a cliff             . While the momentum is there, it could snap back quickly and hard.
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