XAUUSD
"The trend is your friend," as they say. An honest look at Gold across several of the other G20 Currencies: Yen, Yuan, Aussie Dollar, Canadian Dollar, British Pound, and the Euro
many of which that traded above the XAUUSD previously, are now trading below. Many have had technical breakdowns and are priced in what would be the $1680-1700 dollar range for XAUUSD.
The XAUCNY has an epic descending triangle, which brings to question:
Where will the Yuan be in the next 3 months? And what does that mean for the DXY?
#short