GLD - gold ETF - waiting for 162-166 dip to jump in
The most probable scenario for GLD is to reach 166 level before heading for the next (bigger) move to North.
GLD is inversely correlated with Dollar, thus for this scenario to occur DXY should increase, and then head towards South (inflatio, currency devaluation).
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Disclaimer: This is not an investment advice, just mere a personal opinion based on probabilities.
GLD is inversely correlated with Dollar, thus for this scenario to occur DXY should increase, and then head towards South (inflatio, currency devaluation).
Please give a thumbs up, if you like the analysis.
Disclaimer: This is not an investment advice, just mere a personal opinion based on probabilities.