walled7863

XAUUSD XAUEUR negative divergence

FX_IDC:XAUUSD   Emas / Dollar A.S.
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when the dollar price and the euro price disagree, it is usually the euro price that ends up being right about where both are headed. So to see the euro price of gold failing to make a higher high in step with the dollar price, that says the dollar price of gold has ventured a bit further than it should, and that a corrective move is likely.

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