Gold and the Dollar Index
Gold and the Dollar Index have been mirror images of each other over the last year and a half or so. Near perfect negative correlation, with no signs of divergence from this.
I'm expecting this will remain true for some time, creating an educated assumption that we can expect a near equal and opposite reaction from each other, and both are at major decision points:
Gold is facing strong resistance to moving towards a new ATH and hasn't yet reacted. DXY is also facing resistance towards a stronger move up. One of these will do it, the other will likely not.
For more context, confluence, and further details - follow my links below under the "Related Ideas" section.
I'm expecting this will remain true for some time, creating an educated assumption that we can expect a near equal and opposite reaction from each other, and both are at major decision points:
Gold is facing strong resistance to moving towards a new ATH and hasn't yet reacted. DXY is also facing resistance towards a stronger move up. One of these will do it, the other will likely not.
For more context, confluence, and further details - follow my links below under the "Related Ideas" section.
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