Is gold about to fold in a big way?

Gold nuggets
Matt Simpson financial analyst
By :  ,  Market Analyst

When traders refer to gold it is generally assumed to be against the US dollar. But it can be traded against most currencies and, if you look at its performance against them of late, it has not performed well at all. In today’s video we look at our gold basket index (gold vs FX majors) to highlight weakness for the yellow metal, then refer this back to our view on gold against the US dollar on the daily and four-hour charts.


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