GOLD and EUR Correlation. Can we expect huge uptrend?
Hello Guys, Check my Friday deep idea about Gold and EUR long term correlation.
I want to show you the idea of Euro copying Gold late, or vice versa?
It can be seen very nicely since 2012, when there was already enough liquidity in the market from the Quantitative Easing program.
Take a look at the chart where Gold falls first and the Euro falls a few months later. Is it a coincidence that the fall of the Euro is only a few months after gold? Gold will start to consolidate and the Euro in a few months. Gold is in UpTrend and the Euro is following the consolidation that gold had.
Gold has started a huge uptrend. So can we expect the Eur to follow the behavior of gold and see a big uptrend?
If you like the idea please support me by like and Comment on your opinions, ideas below.
Have a nice Weekend!
I want to show you the idea of Euro copying Gold late, or vice versa?
It can be seen very nicely since 2012, when there was already enough liquidity in the market from the Quantitative Easing program.
Take a look at the chart where Gold falls first and the Euro falls a few months later. Is it a coincidence that the fall of the Euro is only a few months after gold? Gold will start to consolidate and the Euro in a few months. Gold is in UpTrend and the Euro is following the consolidation that gold had.
Gold has started a huge uptrend. So can we expect the Eur to follow the behavior of gold and see a big uptrend?
If you like the idea please support me by like and Comment on your opinions, ideas below.
Have a nice Weekend!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.