Today gold was at a tiny distance from breaking above its strong resistance level but...it failed.
However, the current move still looks good:
source: Simple Digressions
The chart shows the goldollar index and gold prices. Note that this time both instruments go in tandem, which validates the current move in gold prices.
The most important fact is that the current move in gold prices is supported by the goldollar index. It is not a common pattern so I am optimistic in the short term.
What is more, a silver / dollar ratio also supports this move.
Oggi 12 aprile sembra dust, vedremo se il 13 è la volta buona che rompe il livello di resistenza.
ReplyDeleteCaro amico che delusione ....anche oggi dust
ReplyDeleteAlberto,
DeleteThe most important fact is that the current move in gold prices is supported by the goldollar index. It is not a common pattern so I am optimistic in the short term.
What is more, a silver / dollar ratio also supports this move.
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ReplyDeleteLisa,
ReplyDeleteI have deleted your post because I do not publish any ads here. Sorry