https://rightsideofthechart.com/us-dollar-gold-precious-metals-analysis-4-17-19-2/ Stock Trading, Investing & Market Analysis Fri, 20 Mar 2020 04:10:23 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/us-dollar-gold-precious-metals-analysis-4-17-19-2/#comment-12228 Wed, 17 Apr 2019 21:59:24 +0000 https://rightsideofthechart.com/?p=190914#comment-12228 With all due respects, the long terms charts support the case that the dollar will continue to rise which in turn is negative for gold. Please look at the GLD:UPP chart which shows a clear downtrend in which the 50 day MA has fallen below the 200, 20 and 10 day MA’s in a downtrend that looks like it has more to go – to last year’s low and possibly to the 2017 or 2016 lows. Also, UPP looks like it is forming a bullish flag. This is consistent with current economic conditions in wihich the Euro continues to weaken to due weaker economic condittions while the US economy is still growing abeit at a slower rate that last year.

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