USDx works on the 30 degrees cycle quite well. Note the dates marked on the chart.
As on Aug 31, it bounced off the support level at 92.40 which happened to be the resistance on June 18. Incidentally92.40 is also the 0.33 retracement level.
I am expecting to see USD heading higher from here. Where will see gold if USD heads higher? my view is still bearish for gold.
Let's see where we go from here.
As on Aug 31, it bounced off the support level at 92.40 which happened to be the resistance on June 18. Incidentally92.40 is also the 0.33 retracement level.
I am expecting to see USD heading higher from here. Where will see gold if USD heads higher? my view is still bearish for gold.
Let's see where we go from here.
Let's wait and see