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
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.