Covering Gold & Nasdaq
Here is brief video of my earlier Live Broadcast on Instagram covering XAUUSD and US100. Watch here in full.
DXY Analog
Before I mention the dollar index, gold has finally reached the bottom of that triangle formation mentioned repeatedly and last on Monday here. Will gold bottom at 4050/55? . Look at how DXY is breaking above its 200-WMA (while EURUSD breaking below its own 200 WMA). See the similarity in DXY's 200 WMA breakout to that of December 2021. Will it extend to the all important 103.55?
Gold's Triangle Base Held
Have you seen how gold jumped to $4227 on Friday following weak US jobs report, before dropping $100? Not only gold showed the familiar $100 high-low swing during high profile events, but also respected the base of the triangle. More details shared with our WhatsApp Bdcst Group.
What's Special about Gold?
1 hr before the US jobs report, what do you notice about this gold chart? I made it easy for you.
Gold Silver Update
Gold is up and dollar is down partly after odds of an October rate hike fell to 44% from 70% following remarks from NY Fed's Williams.
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