Gold just triggered a 4-hour/daily H&S pattern, projecting a profit target of around $1,415.
The drop occurred simultaneously with the US dollar index reaching multi-year highs. The US dollar and Gold are inversely correlated, which means when the USD rises, the yellow metal plummets, and vice-versa.
The drop occurred simultaneously with the US dollar index reaching multi-year highs. The US dollar and Gold are inversely correlated, which means when the USD rises, the yellow metal plummets, and vice-versa.
