Positive Correlation between XAU and BTC on Daily Charts!
This is not a suggestion or my trading plan! My Trading plan has been already shared with you all in this forum.
In my experience we always need to marry fundamental forces with technical projections.
We had a newsless week but ending Friday, we had Israel drones or airforce attack Iran? Did you see the pop in prices?
From a forex market perspective we only have Crypto or more specifically BTC in operation. Look at its price action because it is positively correlated with Gold on a daily chart basis.
BTC will follow the news so that is a good head start for the week ahead.
I will post later on Sunday evening my thoughts!
Please share yours as well!
In my experience we always need to marry fundamental forces with technical projections.
We had a newsless week but ending Friday, we had Israel drones or airforce attack Iran? Did you see the pop in prices?
From a forex market perspective we only have Crypto or more specifically BTC in operation. Look at its price action because it is positively correlated with Gold on a daily chart basis.
BTC will follow the news so that is a good head start for the week ahead.
I will post later on Sunday evening my thoughts!
Please share yours as well!
Penafian
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