I have been buying Gold since price has been at $1,600's. Is it time for a reversal? It's not impossible.
Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which can put an end to Gold's rally. Let's see what happens. I'll be looking to hedge my buy positions with sells.
Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which can put an end to Gold's rally. Let's see what happens. I'll be looking to hedge my buy positions with sells.
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Gold has tapped into our POI for sells and so far rejecting. Let's see if this huge move can play out!
