The flow of investment capital in the broader financial market is currently like this:
DXY, BTC, and SP500.
XAU, GBP, and EUR are moving within the same structure.
Currently, the major trend for DXY is undergoing a downward correction, forming a bottom before resuming its upward move. During the process of DXY reaching its peak, market makers will take profits from the Dollar and Bitcoin, redirecting them into gold.
Right now, DXY is continuing its downward slope, which will help gold reach a strong peak.
When XAU hits its peak, DXY will begin a new upward phase. At that point, profits will be taken from XAU and shifted to push BTC’s price higher.
DXY, BTC, and SP500.
XAU, GBP, and EUR are moving within the same structure.
Currently, the major trend for DXY is undergoing a downward correction, forming a bottom before resuming its upward move. During the process of DXY reaching its peak, market makers will take profits from the Dollar and Bitcoin, redirecting them into gold.
Right now, DXY is continuing its downward slope, which will help gold reach a strong peak.
When XAU hits its peak, DXY will begin a new upward phase. At that point, profits will be taken from XAU and shifted to push BTC’s price higher.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.