Gold Monthly Update: Hate The Dollar?

Aibek Burabayev - INO.com Contributor - Metals


The Dollar

In my last monthly update, I examined a chart of the US Dollar Index and today, I will do it again to show you how king currency rules this dollar-denominated world swing-to-swing. There is one difference; this time it will be an Elliott Wave analysis and I hope you will enjoy it.

US Dollar Index - 5 Targets / Waves A, B & C
Chart courtesy of Tradingview.com

As seen in the above weekly chart, right after my monthly post, the Dollar Index started its long-term correction, dipping below the Continue reading "Gold Monthly Update: Hate The Dollar?"