The inverse correlation between gold and DXY seems to be working again.
I'm quite sure the dollar is heading down to its DCL at or near to the bottom of the range (93-93.50$)next week. If the dollar is going down the dollar-inversely-correlated gold will break up from the triangle and prints its daily cycle high next week.
The red rectangle shows when the dollar and gold moving in correlation - this happens in the panic just like before and after brexit.
The green rectangle shows when gold and dollar are in inverse correlation - this is the normal.
I'm quite sure the dollar is heading down to its DCL at or near to the bottom of the range (93-93.50$)next week. If the dollar is going down the dollar-inversely-correlated gold will break up from the triangle and prints its daily cycle high next week.
The red rectangle shows when the dollar and gold moving in correlation - this happens in the panic just like before and after brexit.
The green rectangle shows when gold and dollar are in inverse correlation - this is the normal.
