US Dollar Showing Outperformance Over Gold on Weekly

Russell Shor, CFTe, MFTA FXCM

The below is the weekly chart of the USDOLLAR/XAUUSD. The green 5-week EMA has crossed above the orange 10-week EMA. The RSI has also moved above 50, confirming the bullish cross. The EMAs are starting to show daylight as the relative strength starts moving in the greenbacks favour. If they continue to develop angle and separation it will be signalling the continued outperformance of the buck over the precious metal. We continue to monitor.

Past performance is not an indicator of future results.
CHART SOURCE: WWW.TRADINGVIEW.COM

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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