U.S. Producer Price Index (PPI) data coming out in an hour's time, might see some big moves in gold. Bad data could be the spur for the W rocket? Let's see.
If we are just talking about the one hour break gold market gets on weekdays, then I look at pairs with strong co-relation to XAU/USD. I will study and observe EUR/USD, USD/CHF, USD/JPY and DXY.
Hi guys, do you all look at other heavily-correlated pairs (such as EUR/USD, USD/CHF, USD/JPY and DXY) when trading gold? I just took a look and I think EUR/USD is going up and USD/CHF is going down. This should mean gold will make a rocket up...I ...