Which pairs move with XAUUSD (Gold)?
Which pairs move with XAUUSD (Gold)?
XAUUSD (Gold) usually moves with or against certain currency pairs because gold is priced in US Dollars and is seen as a safe-haven asset.
πΉ Pairs that often move with XAUUSD (positive correlation)
These pairs tend to move in the same direction as gold:
AUDUSD β Australia is a major gold exporter
NZDUSD β Commodity-linked currency
XAGUSD (Silver) β Very strong correlation with gold
CAD (sometimes) β When commodity markets are strong
π If gold goes up, these pairs often go up too.
πΉ Pairs that usually move opposite to XAUUSD (negative correlation)
These pairs often move against gold:
USDJPY β Yen + USD strength often weakens gold
USDCAD β Strong USD pressure on gold
DXY (US Dollar Index) β Very strong inverse relation
π If gold goes up, these usually go down.
πΉ Safe-Haven Relationship
When market fear or uncertainty rises β Gold & JPY go up
When USD becomes strong β Gold usually falls
π Best Pair to Watch with XAUUSD
DXY (for USD strength)
AUDUSD (confirmation trades)
XAGUSD (silver confirms gold trend)
If you want, I can also explain:
Best confirmation strategy using XAUUSD + AUDUSD
Intraday correlation setup for gold traders
How to avoid false gold breakouts
Just tell me π
0 Comments