Relative Strength Chart: XAU vs. JPY | $XAU $USD $JPY #Forex

For the record - Looking at two benchmark values (XAU and JPY relative to USD, expressed in relative strength terms).

Expecting persistent decline in Gold, as has been the continued case herein.

Expecting strengthening of the USD against JPY, mainly driven by:

1 - $TNX rate increase
2 - Japanese Govt bond rate decrease
3 - Japan persistent QE + ZIRP + miscellaneous asset repurchasing plans

Worth following as a tale-tell of directional strength.

(Not Twitter'ed)

David Alcindor