Sforex

USDollar+Gold: Who wants to save Dollar ?

FX:XAUUSD   Gold/U.S. Dollar
551 0 3
USDollar             Indiex. Like I said in last USDollar             analysis, after breaking SMA200+SMA100+SMA50+EMA50, also move under Kumo cloud.

USDollar             extends its loss as a result and I said FOMC Minutes didn't provide any support for greenback;otherwise FED worried about current strong greenback damaged export and inflation .

They have a lot of reasons to refrain a liffoff decision this year, so we should not blame them and what should we do is SELL Dollar at current level as soon as possible.

USDollar             Index provided a clue to sell Dollar.

I find more reason to reinforce my view.

Look at on the GOLD             chart.

The long term trend line was broken: Strong signal of Bullish view.

SMA100+SMA50 break.

Move above Kumo cloud.

All signals contribute to the recovery of Gold             .

Remember that : Gold             is an anti-Dollar, and a safe-haven asset.

In the circumstance of global slowdown, I think investors are thinking about reholding Gold             .

This is the gold             time to buy Gold             .

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In short, I will not BUY Dollar untill I see some recovery of US Data.

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