Gold and DXY Bullish same time -Expert Opinions Requested
Hello All!
I must say gold Upbeat all the bearish indicators yesterday. Gold crossed the 200 DMA in its first attempt and crossed the Downward facing trendline. Oil was falling, Dxy was rising and Gold didnt followed its presumed correlation with these.
Now I wish an opinion from the Senior experts. How we can define the yesterday movement of Gold?
Possible answers could be:
1- Gold has its own factors and its own movement.
2- Bond yields fall so gold price go up.
3- Some things are included in the market Plan by big boys so they move the market and we cannot guess their script.
4- Whenever Gold visits /fall to 1980-85 it has some secret algorithm of crossing the 1900 Again before further falls.
5- There are some factors which market player know and we don't know and they decided that F.V of Gold should to 1920 or something.
I want to look upon the framework for trading gold in the light of
the yesterdays movement where it has beaten the most bearish indicators and factors. Please shed some light.
Regards,
I must say gold Upbeat all the bearish indicators yesterday. Gold crossed the 200 DMA in its first attempt and crossed the Downward facing trendline. Oil was falling, Dxy was rising and Gold didnt followed its presumed correlation with these.
Now I wish an opinion from the Senior experts. How we can define the yesterday movement of Gold?
Possible answers could be:
1- Gold has its own factors and its own movement.
2- Bond yields fall so gold price go up.
3- Some things are included in the market Plan by big boys so they move the market and we cannot guess their script.
4- Whenever Gold visits /fall to 1980-85 it has some secret algorithm of crossing the 1900 Again before further falls.
5- There are some factors which market player know and we don't know and they decided that F.V of Gold should to 1920 or something.
I want to look upon the framework for trading gold in the light of
the yesterdays movement where it has beaten the most bearish indicators and factors. Please shed some light.
Regards,