We need to be careful today and tomorrow. DXY broke the trend and is forming what could be a short-term down trend. When we look at the chart we can see a potential H&S pattern forming as well as a 4H double top in the making. We need to monitor this as it looks like it could drop down before coming back up.
NOTE:
There is nothing to stop the Dollar and Gold dropping together, it doesn't always need to be an inverse relationship as we have seen in the past.
NOTE:
There is nothing to stop the Dollar and Gold dropping together, it doesn't always need to be an inverse relationship as we have seen in the past.
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.