Noldo

Why did the General Commodity Rally still not start?

Noldo Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
4 parities were specifically selected.

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.
Comment:
NOTE : Gold must also rise, but in this way a single rise must first end with a fall.
After that, Gold must rise slowly and participate in the rally,regards.
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