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XAU/USD (gold) correlation
Attached is a chart that looks at the XAU/USD in correlation with correlated currency pairs.
1. GBP/USD
2. EUR/USD
3. AUD/USD
4. XAU/USD
Using these charts on a demo account before trading. This is a way to know which pairs are strong for a BUY and which pairs are weak for a SELL.
The XAU/USD chart is very important to know the strength of gold in relation with related currency pairs (GBP/USD, EUR/USD, AUD/USD).
This gives you more confidence trading with your zup charts.
Hope my posts have expounded the use of the heatmaps in your individual trading.
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