CosmicDust

Gold and dollar update - 08/21/12014

UUP/GLD  
UUP/GLD  
dollar/gold ratio is still below the resistance, even though a long buy signal was issued last month (mean investing in dollar is preferable). Its RSI is working on a breakout. MACD is still negative.

If MACD turns positive and the ratio breaks out, it will be good for dollar, but bad for gold. Will update in a couple of weeks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.