We all know Gold (and all Commodities) tend to be closely and inversely co related with the US Dollar Index<\/p>\n
Personally I am waiting ( and have been for a LONG TIME) for the time when Gold doesn’t give a rats asp<\/p>\n
what the Dollar is doing.<\/p>\n
IF we are going to rally here and a real Bull has begun…It would be great to see gold rally even IF the Dollar goes up<\/p>\n
Since the Dollar Index ran hard and fast from 80 to 100 we have been chopping around in a range 93 to 100<\/p>\n
last week we broke DOWN from this range to 92 and things looked very promising for Gold<\/p>\n
But we bounced ( in hind sight we had to bounce…see chart) and are now back at the low end of the range<\/p>\n
One Principle of Chartology is that when a Good Pattern breaks down and then reverses…we usualy get a strong move in the Opposite direction.<\/p>\n
It is certainly possible , perhaps even likely, that the Dollar will do this and perhaps climb back to the top of the range at 100 . (Shoot the messenger)<\/p>\n
Can Gold Rise with the Dollar ..at least for a while ?<\/p>\n
Would love to see a few of You Bright Original Thinking Technical Analysts go back and see how and when there were Periods like this .<\/p>\n
I am tired of “hoping” for the Dollar to drop when we are Long PMs or to Climb when we are short.<\/p>\n
The Odd Couple ? Is there a chance ?<\/p>\n
TIA<\/p>\n
Fully<\/p>\n
We all know Gold (and all Commodities) tend to be closely and inversely co related with the US Dollar Index Personally I am waiting ( and have been for a LONG TIME) for the time when Gold doesn’t give a … Continue reading ![\"goldbuck\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2016\/05\/goldbuck.png\")
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