{quote} Correlation cannot be trusted. Dont trade pairs by following correlation. Sometimes bank trader manipulate the market avoiding all correlations
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But why is this so?
Gold is XAU/USD. If USD goes up, surely XAU/USD will have to go down. If XAU and USD are of equal strength, then it won't move, right?
{quote} there is nothing manipulation about GOLD. BE INFORMED GOLD will test 1952 . and with so much news coming from 3.30gmt to the end of the day that will take it way down GOLD MIGHT GO WAY DOWN TO 1920 So i advice you study the markets a bit more /
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Be humble...no one is always right.
If data is not good for USD, Gold can rocket up. It is also possible that the market buy into gold as a safe haven ahead of news.
Buy AUD/USD 0.10 lots at 0.66162. TP 0.66517. No SL.
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Hi, I agree that AUD is oversold, but won't it makes more sense to buy AUD/JPY and acquire swap? I expect AUD/JPY and NZD/JPY to recover as well (after this morning RBA fiasco). EUR/JPY and GBP/JPY have already begun rallying.
