Sunday, August 27, 2023 7:35:44 PM
Dollar 500 Tick:
The 8/25 $104.220 bearish RAMBO low downside break was a sell signal but it's suspect because it was immediately followed by 4 consecutive retail sell (yellow down candles), a hammer @ the 30 ema (red line), then a bounce that now has the dollar over all key emas (10 to 200) & vwap.
Both the dollar & gold are up now, part of what makes relying on their normally strong inverse relationship tricky.
The 8/25 $104.220 bearish RAMBO low downside break was a sell signal but it's suspect because it was immediately followed by 4 consecutive retail sell (yellow down candles), a hammer @ the 30 ema (red line), then a bounce that now has the dollar over all key emas (10 to 200) & vwap.
Both the dollar & gold are up now, part of what makes relying on their normally strong inverse relationship tricky.
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