Friday, July 21, 2017 5:01:43 PM
Beginning of 2017, January 2nd.
Euro 1.04
Gold 1160, yen 117.3
To 16 April ......
Euro 1.07, Gold 1292, Yen 108.60
Euro has made 3 to 4 points. Yen has made 9 points. Gold 130 USD.
By which currency has gold risen?
This is not a theory, these are my observations.
I have everything in parallel on my currency trader.
Trade between the couples also plays a role.
Thus the euro could gain strongly against the dollar but was also traded against the yen.
Thus the euro has risen for weeks, and the yen remained weak, even gold.
An example. If the euro loses strongly to the dollar. Then he can lose to the yen. In this case the yen also rises to the dollar. But the dollar remains the same because it wins against the euro. But gold would rise with the yen.
When the dollar is corrected upward. And he wins against both couples, then this is a dollar buying on a broad basis.
If he wins against the yen stronger. Gold will also fall.
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