Gold with No Drama

Quoting Olu

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I think there might be room for more upside from here. US$ is breaking down. The 2 yellow lines are last friday's open and close. {image} {image}

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Quoting PixelAura

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{quote} A question? Why not dxy and gold fall at a same time,may be this month or next both can fall? I don't knw how May be US sell gold?

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Quoting whatthehelly

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{quote} what’s the correlation between DXY and gold? i see why dollar falls gold is an alternative for safeties, but why does index also matter?

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Quoting MoneyPrinte

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{quote} 5141693 {image}

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Quoting MoneyPrinte

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{quote} dont chase the set up..chase the direction.. missing a set up is fine but missing a direction is expensive {image}

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Quoting Mitiblotch

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{quote} The setup is actually clear to me. I can see a triangle, which many times is a continuation patters. 51400 and 5200 are possible targets. {image}

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Quoting has22v

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There's a possibility the price will touch the 5106.08 area, but I won't enter any trades. I prefer to watch. I don't trade during the NY season.

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Quoting KJW001

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Guys, I think gold will reach 5300 this week. DXY is falling massive due to weak dollar and there is suspicion that China is secretly buying more gold than ever. According to a channel I follow financial institutions like Wells Fargo, JPM, UBS and Deutsche Bank expect gold to reach $6100-6300 in 2026 {image} {image}

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