Gold has formed and confirmed a new ascending parallel channel and has also reset momentum on the oscillators. If the DXY continues to drop lower I think Gold is set up for a nice rally into my take profit zones noted on the chart (red lines).
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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.