USD index Possible correction of 5th wave...
All other currency pairs and precious metals should be traded with consideration to this...
Usd index is inversely related to Gold and other precious metals; hence they "generally" move in opposing directions.
USD index has been very bullish past few weeks; and according to elliott waves it is due for a retracement on both the daily chart and for a minor correction on the hourly time frame...
If gold holds these levels (i.e above 1290) then that can be a very good bullish sign!
All other currency pairs and precious metals should be traded with consideration to this...
Usd index is inversely related to Gold and other precious metals; hence they "generally" move in opposing directions.
USD index has been very bullish past few weeks; and according to elliott waves it is due for a retracement on both the daily chart and for a minor correction on the hourly time frame...
If gold holds these levels (i.e above 1290) then that can be a very good bullish sign!