4 parities were specifically selected.
USDJPY :
XAUXAG :
AUDUSD :
XAUUSD :
CONCLUSION
For the industrial rally we need to observe:
After that, we can literally watch an industrial metal rally.
This may indicate that the risk will decrease in the world and there will be a great entry to the industrial shares.
If we are only going to watch a gold-based rally, we need to be ready for stable global markets.
Gold-based increases of course on industrial metal rally too, but I think this can only happen after hard sales and declines.
Note :
This will also partially affect energy and agricultural commodities.
USDJPY :
- It is in very similar movements with Gold.
- Even if the buy signal is received, it is still at a critical point.
XAUXAG :
- It has finally broken the trend channel been trying to break down for a long time, but still moving very close.
- The buy signal is observedit can be evaluated if the trend channel is broken upwards and the signal does not change.
AUDUSD :
- A very important parity for commodity rally confirmation.
The country's commodity resources are the largest sectors in the country.
The industrial metal rally will be evident with this pair rising.
- Parity broke the trend line he couldn't break for a long time.But short signal received.
This may only be exhausted by the weak momentum as it is on the trend line, even under the influence of the signal.
XAUUSD :
- Gold's way behind the trend lines.It's still under buy signal.
- But Gold is under the influence of the highest long positions in its history, although it is not included here.
CONCLUSION
For the industrial rally we need to observe:
- AUDUSD : Uptrend
- XAUUSD : Downtrend
- USDJPY : Downtrend
- XAUXAG :Downtrend
After that, we can literally watch an industrial metal rally.
This may indicate that the risk will decrease in the world and there will be a great entry to the industrial shares.
If we are only going to watch a gold-based rally, we need to be ready for stable global markets.
Gold-based increases of course on industrial metal rally too, but I think this can only happen after hard sales and declines.
Note :
This will also partially affect energy and agricultural commodities.
After that, Gold must rise slowly and participate in the rally,regards.