graham.edwards84

Gold - A battle of two titans

FX:XAUUSD   黄金/美元
You can see by the blue trend-lines that gold             likes to follow a narrow band, even more narrow when rising. So it is unlikely that it will move sideways between the two black trend-lines for very long... maybe for a little while but notice from the past this band is far too wide for gold's comfort.

The red compare is USDJPY             - gold's nemesis. The two are in collision, locked in mortal combat... to the victorious, the spoils of riches and a path higher... to the vanquished, humility and a bears breakfast...
lol and I'm long both...the broker wins in the end!
+1 回复
Graham, thanks for sharing and overlaying both charts.
I never knew what's the correlation between JPY as currency versus Gold as investment commodity.
回复
Well it has to do with the purchasing power of the US$. When it goes up gold becomes more expensive to buy. USDJPY specifically? I'm not sure to be honest, can anyone else comment on this? It also seems that in the more recent years the correlation has become tighter.
+1 回复
albertwt graham.edwards84
Cool, thanks for the explanation mate, I appreciate your ideas.
Keep up the good work.
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出