Before posting the $YEN chart, just want to make a mention about Red Label’s Theory (RLT) and how the price of gold relates to the $USD. According to RLT, the Price of Gold (POG) after the last knock down was too low – until the close on Friday. Fridays close was $GOLD at $1347.30, & $USD at 89.03 Using the RLT shortcut we find (1200\/.8903 = $1347.86) Amazing. The RLT price and the closing POG are within a half a dollar, near enough.<\/p>\n
$YEN – Daily
\nThe use of divergence between the oscillators and the closing price can be very helpful. Back in early November 2017 the positive divergence (PD) suggested a rally in the $YEN. Some thought the rally would be a small one before the $YEN resumed the decline, but there was indeed a good rally and a break out to new highs. Now it feels like the $YEN rally will continue on much higher. The oscillators disagree.
\nNot saying the $YEN bull and its Bobbsey Twin GOLD bull are dead, or even derailed – but there is a good chance there is a pull back before continuing higher. Next week should tell the tale… <\/p>\n
Before posting the $YEN chart, just want to make a mention about Red Label’s Theory (RLT) and how the price of gold relates to the $USD. According to RLT, the Price of Gold (POG) after the last knock down was … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/03\/sc-10.png\")
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