Often we hear trader's talking about inefficiencies in the market. Well the current price action in the USD and Gold is a great example. Looking at the existing monthly candles (which are just starting to form), we can see that both are developing some green candles. It is extremely rare for Gold to rise as the USD is breaking to multi year highs.
As Gold tests against resistance at 1208, the USD is also at near resistance as well. The trend however shows Gold moving against the trend, leaving the likely outcome for the USD to continue higher while Gold reverses.
As Gold tests against resistance at 1208, the USD is also at near resistance as well. The trend however shows Gold moving against the trend, leaving the likely outcome for the USD to continue higher while Gold reverses.
