As gold regains $2000/oz for the third time over the past three years, it's important to
distinguish the fundamental and intermarket dynamics for each of these three occasions ($2000/oz) before assessing the road ahead. There are endless combinations of metrics to be used in comparing August 2020, March 2022 and today. I will use the DXY, gold/silver ratio, Fed Funds rate and the Fed's Balance Sheet.
Thanks for your analysis. But don't you see a bigger inv. H&S on EURCHF daily? It seemed to have just bounced off the tip of right shoulder 4 days ago.
Thanks
Alex
I was wondering what your thoughts are on the AUS USD...I Shorted it from 81 for 200 pips. I have been hesitant to go for a longer term short seeing that the USD rebound has been short lived.
What are your thoughts?
Kind Regards,
Alex
On USD/JPY you mention that 92.50 and 97.50 are next possible "test" levels . I can see 92.50 but why 97.50 ? Thanks
Alex