Wednesday, February 25, 2015 4:53:32 PM
TGZ and Gold in Foreign F/X..
...what I am watching.
TGZ very strong lately. See below. If TGZ can't break past $.75 in a couple weeks then makes sense to take profits and buy back lower (hopefully).
IMO gold in EURO is most important chart for gold now with world focus on Grexit. Gold is all foreign currencies has broken out of downtrend since 2011.
6 month daily of $USD gold vs. Euro. Short term bull market. About to bounce off of 50 DMA?
3 year weekly of $USD Gold vs. Euro - bull market breakout?
...what I am watching.
TGZ very strong lately. See below. If TGZ can't break past $.75 in a couple weeks then makes sense to take profits and buy back lower (hopefully).
IMO gold in EURO is most important chart for gold now with world focus on Grexit. Gold is all foreign currencies has broken out of downtrend since 2011.
6 month daily of $USD gold vs. Euro. Short term bull market. About to bounce off of 50 DMA?
3 year weekly of $USD Gold vs. Euro - bull market breakout?
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