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September, 30 - is gold trying to breakout?

It is a long-known fact – gold can help us determine what the behavior of USD is going to be in the nearest future. It can also tell us what dollar is up to at this very moment – we just need to reverse the behavior of it, to see the USD chart. But in some way we hope that both of the charts are going to grow, giving us more possibilities for trading and earning. But, unfortunately that is quite impossible. Just like today – we are either going to see more falls from USD, witnessing growth from gold or vice versa. In any case we are going to be forced to go through one of them falling.

 

And it seems that gold in not really ready to give up its recovering streak. It has been falling for the entirety of last week with USD suddenly finding strength against the major peers even in the middle of a horrible political scandal and giving up its position only by the end of last week. True to form gold has been slipping, but it seems that right now is the moment when we can count on a breakout. It would be so good to see gold grow after a whole week of being suppressed by USD.

 

gold 30.09.2019

 

We can see on the chart that it was less than an hour ago, that a breakout happened and those who managed to catch the moment made some really good money. The future of USD as well as the price for gold is still unclear, so we need to be very careful around all of the precious metals as they all tend to follow gold.

 

Just use our trading signals to never miss a breakout ever again.

 

 

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