Gold Weekly Trade (18-22 July)

FX:XAUUSD   Gold Spot / U.S. Dollar
1823 22 100
Comment: Waiting to enter the sell zone
Comment: Waiting to enter the sell
Comment: Classic Monday PA ...
Comment: That means that we are going sideways..
Expect to go into the sell zone soon...;)
Comment: Still expecting a retrace to the sell zone but i doubt that we will catch it this week. Let's see
Comment: Looks like it has finally decided to go to the sell zone..
let's see
if it breaks 1340 hard, things are more bullish up

If gold goes higher, is it still valid to short AUDUSD?
This is very interesting info for long term bull investors. This relate to the change in the correlation of gold to other instruments of past few years considering the last 70 years. This gives a clear indication that gold in breaking links over resent years seen over last 70 years. We are going into a new era in acceleration where some will make a lot..and other will cry. Deflation is a new era in disguise....changing the outlook of investment with new correlations. Gold longterm bears might just be converted ..interesting stuff
Ichimoku_Trader investment6300
very interesting .. thank you for sharing
Although I do not consider correlation when i trade it is still very interesting info
+1 Reply
Is this chart still valid Mr Ichimoku ?
Yes but we need to go to the sell zone before we do anything
+1 Reply
CS Set up is coming
wait for buy zone, hhh
+1 Reply
+1 Reply
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