Gold & The US Dollar – June 4th 2019

Here’s an example of my evidence gathering techniques. By comparing markets with known inter-dependencies, we can look to see if their chart patterns are ‘telling a story’. In this case it was clear that the Dollar Index was bearish and gold was bullish. One was contained within a topping arc, and the other (gold) a basing arc. DXY was in a bearish rising wedge, and gold had just broken out of a bullish wedge. This told us the trend in coming months would be Dollar down, gold up, and, of course, as we now know, that is exactly what happened.

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