Article By:
Adam Lemon
Sunday, May 12, 2024 4:00 PM EDT
The past week saw lower volatility in the Forex market. Last week’s key takeaway was the souring of risk-on sentiment due to expectations in the US of higher inflationary pressure, as well as Consumer Sentiment data which came in at a six-month low.
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...