Gold / US Dollar, Daily Chart Analysis August 28

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Technical Analysis and Outlook
For Gold market trend, the Key Sup $1,495 were retested already as the brief consolidation last week produced significant advancement towards completion of the Inner Gold Rally $1,555 level.

Currently, we are waiting for confirmation of a Trade Selector Signal trademark completion symbol - No conformation will lead to breaking through to the Outer Gold Rally $1,590 which, if and when seen, would most likely lead to a price expansion even higher. To continue the rest of the story, see 'Market Insight & Commentary August 28, 2019 page, at TradingSig_dot_com.


@TradingSig - you have the Gold rally to the next high's and at the same time your s&p 500 showing the possibility of the 3125 rally.
Can you please explain the gold and s&p 500 both on a bull rally? as i look at the market movement it seems that the gold and s&p 500 are inversely co related.
TradingSig formobilogmay
@formobilogmay, I do not make a judgment one way or the other based on correlation - I trade and call it what I see not what I think should, could or would happen.
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