with gold im reading watch not the gold price chart but the usd/cny ..yuan cross chart
it relates to the trade war with china. us puts a tarrif on us steel china respaonds with a yuan devaluation. gold price follows yuan price exactly. The yuan is now more over valued than at any other time steep divergence on the macd
US yuan due for a pull back but china may continue to devalue
if trump devalued the USD no need for a curreny war
gold usdcny
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