Gold Analysis week 34

OANDA:XAUUSD60

GoldOANDA

Description

⋅ Aug 17, 2020 6:31 PM

We'll see how goes...

Comment

⋅ Aug 19, 2020 6:36 PM

Price hit $2015 and from there drop like a rock. You find tagets in the end of the Video.

Thanks for likes & support :)

Comments

lamz33

⋅ Aug 17, 2020 6:56 PM

great video 👍. I see some red news for AUD coming up in a few hours, would that have a high impact on gold?

ODFTrader

⋅ Aug 17, 2020 7:11 PM

@lamz33,

From Currency perspective I really do not know, but Gold has correlated with Real Yield.

Real Yield is the return from the bond market and is not giving big players any return... it's @ -1.24 ouch!

I'd look more at Dollar strength or weakness and Real Yield for clues around Gold at the given moment.

Hope my answer helped in any way :)

lamz33

⋅ Aug 17, 2020 11:41 PM

@OmarDjurhuus Thank you I appreciate the info :) .I'll have to look at real yield.

ODFTrader

⋅ Aug 18, 2020 1:54 PM

@lamz33,

quandl.com/data/USTREASURY/REALYIELD-Treasury-Real-Yield-Curve-Rates

On the right side of the web page i have attached above you find link to tradingview Chart