XAUWCUGold now is in major trend line going down(decending channel).
We are expecting it continue falling, watching this week how the price will react to the suport level 1173.94.
Share your opinion with us, and trade safe)
Gold started an uptrend in 2018 with strong accumulationRecent SPX500 dump & 10Y yield downtrend can push gold to any uptrend
Gold Already Moving to the All-Time-High - XAUWCU leading XAUUSDAfter discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver.
I've been following this exact chart for a while now; Very interesting
Gold in a currency basket: Buy nowFor Gold against a currency basket the buy signal is now... in USD it should come a bit later....
Gold in currency basket: failure everywhereWe are about to enter long term trading region. There is currently more downside potential than up. Frustrating Chart.
XAUWCU -GOLD / WORLD CURRENCY UNIT -SELL GOLD IS IN FALLING CHANNEL
ASSUME RETEST LAST LOWS
RSI OVERBOUGHT
Gold: Support Resistance Ping-PongJust a view on Gold against a currency basket. This months low should be in. Reasonable to start a long. On break of support the different way...
Gold: Waiting on break of resistanceGold against a currency basket just got to a cross resistance... On break one should definitely go long.
Gold: Breaking out of descending triangleWorth having a look at Gold in a Currency Basket. After breaking 50 day MA beginning of the week, yesterday we broke the bottom of the descending triangle. Clear short! Seems in USD same will happen.
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