cfetrader

Dollar-Gold price paradox

FX:USDOLLAR   Dollar Index
27 1 1
The usual inverse dollar-gold correlation is firmly in place with one minor difference regarding a value paradox. In particular, when the dollar was around 12,050, gold             traded around 1,080, whereas presently with dollar at 12,090 gold             persistently trades around 1,120 (1,123 at the moment). Perhaps gold             will "surprise" us at a later stage with a swift and decisive drop. In any event this scenario of gold             decline towards and probably below 1,000 is consistently part of most PM traders planning. In the short term one cannot also rule out a dollar decline and gold             rise. Very tricky situation, depending largely upon the future Fed decisions.
cfetrader
a year ago
PS: My "old" gold scenario still stands.

snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out