Article By:
Przemyslaw Radomski, CFA
Wednesday, April 10, 2024 4:10 PM EDT
We have now seen the breakout in the USD/JPY pair, and how gold has – in a completely unsurprising way – declined. And that is a game-changer, even if many people fail to view it as such.
Chart Of The Day – Golden Cross
It's all about time frames, of course. So if you check the monthly chart with the same moving averages, the 50 has passed down thru the 100 for the 1ST time in at least 14yrs (as far back as TOS goes on the /GC)
Check $XAU, the 50 break down is more pronounced and price has just lost the 50 after breaking up thru it.
Time frames...