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Relative Strength Chart: XAU vs. JPY | $XAU $USD $JPY #Forex

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For the record - Looking at two benchmark values ( XAU and JPY relative to USD, expressed in relative strength terms).

Expecting persistent             decline in Gold             , as has been the continued case herein.

Expecting strengthening of the USD against JPY, mainly driven by:

1 - $TNX rate increase
2 - Japanese Govt             bond rate decrease
3 - Japan persistent             QE + ZIRP + miscellaneous asset repurchasing plans

Worth following as a tale-tell of directional strength.

(Not Twitter'ed)

David Alcindor
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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