Hi CeeDee. I think you're right about that US dollar chart.
That's sort of my problem, right now.
Everything looks too obvious.
Using my settings on that $USD chart
stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]
just because my eye is more used to my own settings,
it appears more conclusive than the Nasdaq, Dow, and Gold charts.
On this $USD chart,
the price has cleanly broken below the 20 day MA
the DMI lines are negative, confirming a sell signal
the ADX is starting to rise, indicating a strong new trend may be forming, and the MACD is starting to go negative, indicating the trend could be down.
I'm not a regular gold trader.
For any Gold Bugs reading this,
is there usually an inverse relationship between the US dollar and gold?
Thanks for those links CeeDee.
Cush |
