@mirren
Financial markets get extremely complex and once you think you understand all the theoretical machinations, then the geopol and good ol' consumer sentiment get layered on top … that's why I like charts and correlations that distil it all into a relatively simple picture for me.
But I don't have a chart today that will do any more than what you've posted above and if you like trading Oz goldies, then that tightening apex is the daily watch.
Suggest you google "Why do gold bullion and USD have an inverse relationship?" for some background reading.
We're in SE Asia until NYD. My co-pilot is Singaporean.
NB: I'll never forget Martin Armstrong's essential take on gold … it's an inverse measure of the public's opinion of its government.
@mirren Financial markets get extremely complex and once you...
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