Sentiment: Neutral to Bearish
As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the
DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down.
Reasons:
1. Rising Wedge Pattern and Breakdown Confirmation
2. Tweezer Bottom Candlestick Pattern
3. Tweezer Top Candlestick Pattern
As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the
DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down. Reasons:
1. Rising Wedge Pattern and Breakdown Confirmation
2. Tweezer Bottom Candlestick Pattern
3. Tweezer Top Candlestick Pattern
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.