Loading ...JAPAN YEN and the price of GOLD
Often the USD price of GOLD moves in tandem with the Japanese YEN. That hasn’t been readily apparent this last while, but that may be about to change. Suggested by positive divergence on its RSI, the YEN looks like it may have made a double bottom. Confirmation will be the breakout from the down sloping channel.
Meanwhile, Gold has made a positive divergence to the YEN. Rising YEN, rising Gold price in USD.
The evidence for a bull run in GOLD is piling up.
GREAT POST.
Made me look at FXY, at which point I spotted a VLT Buy Signal on my daily. (for 11/14).
Don’t get them often — they are not even annual events — (or spot them in timely ways), so its experimental and lower reliability than day to day T/A tools.
Just the same, if not on this pass, its likely close.
Also, monthly macd is fresh upturn, and on divergence relative to late 2022 at the last upturn. No buy flip yet, but its in range this time.
VERY NOTABLE.
Good Eye Foxxy
Thank U Foxxy.
You r solid.
Somebody else caught sight of this.
So a call must have gone out from Eccles to Tokyo/BOJ.
See today’s candle for FXY (Wed. 22 Nov)