This Ain't My First Rodeo
The exchange between gold and U.S. dollar has traced well with the Stochastic indicator for the last three years. Suggesting that it's been trading with a horizontal channel. Doing a forensic analysis, we notice the exchange's reaction to the robust ceiling at $1,350.57, that it's action is no different than the reaction towards the end of 2016. In that case it dived beneath the channel but returned within the channel. Something to anticipate with this latest reaction from the ceiling.
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