Gold/usd rises when interest rates fall and falls when interest rates rises
Isn’t it better to do an elliot wave on 10y yield instead ?
I understand your elliot wave count is on gold/inr and your position in gold is likely protected by a sort of insurance that if usd rises, it will rise against both gold and inr so there is some protection there however the rise of gold has been against both usd and rupee so is that protection likely to hold in case gold falls.
Just trying to understand
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