Archive for the ‘Forex’ Category
Spot Gold Decouples and Accelerates
A historic move was made in spot gold (Forex: XAUUSDO) this week that moved it into new high ground against the dollar. Has the gold market finally decoupled from the other markets?
In this short two minute video, I will share with you what I think the next major technical level is for this market. We will also be looking at an indicator that is close to kicking in that could sharply accelerate gold’s upward move. Gold has an enormous energy field below it that is capable of pushing prices significantly higher in the months ahead.
When a market makes a new high like this one, the pros are buying as the line of least resistance is onward and upward. Gold appears to have shifted to pave its own path in the market, not relying on other indicators to influence its movements.
Watch the video: Gold Update – The Decoupling of Gold
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