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EURUSD & GOLD

  • #2,381
  • Jun 15, 1:38am (11 hr ago) Jun 15, 1:38am (11 hr ago)
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  • #2,382
  • Jun 15, 1:40am (11 hr ago) Jun 15, 1:40am (11 hr ago)
XAUUSD SELL
Clean rejection from resistance. Looking for a 250+ pip bearish move toward lower support levels.
Target: 250+ Pips
Trade Safe.
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  • #2,383
  • Jun 15, 4:30am (8 hr ago) Jun 15, 4:30am (8 hr ago)
DXY US dollar near first resistance now ~99.581
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  • #2,384
  • Jun 15, 5:45am (6 hr ago) Jun 15, 5:45am (6 hr ago)
Quoting ngonlip
DXY US dollar near first resistance now ~99.581 {image}
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  • #2,385
  • Jun 15, 8:42am (3 hr ago) Jun 15, 8:42am (3 hr ago)
Interesting levels on XAUUSD.
One thing I always find useful is separating the move into two questions:

  1. Is gold actually weak?
  2. Or is the dollar simply getting stronger?

Sometimes the chart looks bearish, but most of the movement is coming from the USD side of the equation rather than from independent selling pressure in gold.
For me, understanding which side is driving the relationship often matters more than the direction itself.
Curious whether anyone here also watches DXY alongside XAUUSD before committing to a gold trade.

GDS Renko Research Studying Renko market structure, XAUUSD behavior
  • #2,386
  • Jun 15, 8:51am (3 hr ago) Jun 15, 8:51am (3 hr ago)
What is the relationship between spot gold price and Gold mining companies stocks
  • #2,387
  • Last Post: Jun 15, 11:00am (1 hr 40 min ago) Jun 15, 11:00am (1 hr 40 min ago)
USD
So when monthly and annual economic indicators are published, the annual ones give the direction of the USD.

Also, at the US Treasury bond auctions (3/6 Month Bill Auction), if the yield decreases, it means that the USD was strong.
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