closing in on support. readying up to enter shorts if break on support. Purple CLMA line would be a great short entry spot to short to TP1 or red CLMA, whichever it reaches first
Komentar
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Currently testing support, those who shorted to support good work, watch for the breach or rejection as shown
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break occurred, waiting for candle close to see strength
Thanks for the charts; I have a question, what is the relation between gold and dollar?
DMC
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@tonykk, You have an inverse relationship between dollar and gold because to start off with all futures, like metals and grains are compared with the dollar because the dollar is considered the most stable currency, therefore whenever the dollar falls there is less value in it, thus people want to put their money somewhere else where it has more value.