With the dollar inching above the descending channel we may see a breakout. There after it needs to back test to see a bullish continuation. If this is the case it pays to watch gold!
Trade safe
Trade safe
Note
Obviously there is also a strong bear case, I am siting in a gold short from weeks ago, so a break out on dxy would be nice for my position.Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.