Gold could be signaling a hawkish Fed next week.
If Gold puts in a weekly reversal, it could mean a bullish week for the DXY next week.
Bearish on equities if this happens.
If Gold puts in a weekly reversal, it could mean a bullish week for the DXY next week.
Bearish on equities if this happens.
Comment:
Gold did not put in a weekly topping tail as it rallied off the intra day lows clearly showing strength. However Gold did put in a weekly Doji candle which does show distribution is occurring.