DXY and Gold correlation: Dollar not a good way to predict gold prices

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The correlation for Gold prices and DXY suggests the dollar isn’t a good way to predict the price for the precious metal, explains Charlie Gibson, Head of Mining for Edison Research, as he speaks on Gold, DXY and Diamonds, in today’s Finance Show, and is joined by Zak Mir, Technical Analyst at Zak’s Traders Café, and Nick Batsford, CEO at Tip TV. Gibson compares the Gold price and USD index from 1973–present, For charts, Watch the video. Key Points: Gold price – The ‘Availability’ bias There

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