Chart of the Day -Gold- (April 15th 2019)
Gold has spent the last 2 months consolidating within a flat bottom triangle.
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Chart of the Day -Gold XAUUSD – (March 26th 2019)
Gold has spent the month of March moving higher in a channel, but the last couple sessions we have stalled at the 61.8% retracement of the February highs to March lows at $1321.
Chart of the Day -XAUUSD- (Feb 14th 2019)
Gold has spent the last couple of weeks consolidating its gains in what looks like a bull flag.
The dynamics of the USD, Gold and CNH
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
Chart of the Day -Precious Metals- (Dec. 19th 2018)
Both popular precious metals (gold and silver) posted key reversal days today.
Are precious metals breaking down, or are we setting up for a big rally?
Gold and Silver are assets which have been of great importance for thousands of years. Up until a few decades ago, gold was explicitly linked to currencies (such as the US$) and was broadly used as money.
This Week’s Harmonics Preview by Nicola Duke
Watch this comprehensive preview from Nicola Duke preparing you for what is coming ahead this week using her unique Harmonics approach and mesmerizing voice.