Captain_Walker

(1D) XAUUSD v US30 - gold rush.

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
There seems to be an inverse correlation between XAUUSD and US30. Interestingly Gold began taking off before the recent mini-crash. OBV on Gold was steadily rising whilst OBV on US30 was falling (even while price was recovering). BREXIT has caused deep uncertainty in a number of markets. GOLD has always been a major safe haven. We saw this at every major world financial crisis. They can't just print the stuff or do quantitative easing on GOLD - can they? LOL. I'm short on US30 and I've been happily long on Gold . My stop losses are in the right places relative to my account size. Cool.
Disclaimer: no liabilities accepted for losses arising by relying on this post.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus https://youtu.be/NjTdvALChwk ]

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