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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Real Man who wrote (44144)11/19/2021 5:23:37 PM
From: Sun Tzu  Read Replies (1) of 96850
 
On a daily basis, this chart tells me USD is overextended and due for a pullback: schrts.co
On a weekly basis, it still has room to run.

Gold doesn't just move based on USD. It moves more strongly based on interest rates than the dollar. Both the weekly and daily $TNX charts say it is headed south: schrts.co

And above all, gold moves based on central banks' trades and currency markets. I don't know of any currency crisis on the horizon (I think SA's got resolved, but I'm not following) so we'll take that as neutral for now.
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