Wednesday, October 22, 2014

Gold Denominated In Other Currencies

Sometimes it is good to look at things from a different perspective. Let us look at gold denominated in U.S. dollars and other currencies:

As you can easily spot, when related to other currencies, gold looks not so badly as in the case of U.S. dollars.
For example, gold denominated in euros is approaching the resistance level (and not support as gold denominated in U.S. dollars).

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