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.
