Gold and US Dollar have an inverse correlation. When US Dollar gets strong, gold loses ground. This is precisely what has happened. Gold fell on Wednesday, extending the previous session’s slide, as the dollar strengthened ahead of minutes from the Federal Reserve’s latest policy meeting, which will be scrutinised for clues on the U.S. rate… Continue reading Gold XAUUSD Showing Bullish Divergence Ahead Of FOMC Meeting
EURUSD Showing A Strong Double Bottom Pattern On Weekly Chart
Many thought EURUSD will plunge to parity. Many analysts thought that EURUSD downtrend will continue for a long time. But things seems to be turning now. EURUSD seems to be finding a floor and is no longer falling down easily. Take a look at EURUSD weekly chart below. You can see a solid double bottom… Continue reading EURUSD Showing A Strong Double Bottom Pattern On Weekly Chart