RF_Trading

Gold: A weak USD was supportive but for how long?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The depreciation of the USD has been providing considerable support to the price of gold, which is now preparing for the next move. Flip 1960 and go to 1980, break 1945 and to 1930 first and low 1900s later. The latter seems more likely given that the USD is finding some support here and markets are struggling after a strong run. NFA

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