Dislikedcan someone explain to me what is the meaning of QE ?
another financial injection in the economy ?Ignored
DislikedWhy 1450 ???
I will explain my reasoning with a few charts starting from the Monthly & zooming in all the way to the 4-hour charts. Gotta go to work now.Ignored
Combining all the components above, it seems that the second reason (2.) (dollar strength) seems to be the leading force now, therefore down.
I am specialised in EURUSD trading and since someone mentioned in this Thread (#Post 2), Dollar and Gold are in inverse relations.
I personaly believe, based on my price prediction model that the EURUSD is in a downtrend for the next 3-6months.
Therefore my conclusion would be that the GOLD (priced in USD) will be in the downtrend for at least the same period.
So should I trade it, I would be in the SELL position. But would always love to have/buy some GOLD in my portfolio (forever), regardless the trend.