gold will rise again at the end of the year, after FED meeting. Dollar is bouncing guys. Gold can't go higher.
UnknownUnicorn540299
⋅
@giuseppe.grande, What was the level of DXY when gold was 1375 last year?
No_structure
⋅
@viking83, yes gold should be much higer right now, if we consider the correlation with the dollar, but we are in the early stage. It is Like 2001. Correlation may shifted a little bit. Waiting to see EUR/USD at 1.14, AUD/USD at 0.77, USD/JPY at 114 and then the bull will start to eat all the bears around.
UnknownUnicorn540299
⋅
@giuseppe.grande, No doubt, both dollar and US10Y makes pressure on gold. But I have still one final cycle up before down into December. Normally, in a good bull, we should see yearly higher highs. Dollar has managed to be a good bear and made a yearly lower low.
So: up into mid october, then down through rest of year until FOMC.
No_structure
⋅
@viking83, Sounds good! Continue with your work man. It is a pleasure to read you.
lord_kinbote
⋅
"Comment: This must be regarded a failure. " - Wow, someone on TV who's trade does not work out as expected and they admit fault and don't disappear for a few days? Pinch me, I MUST be dreaming.