The DXY finally broke out of the channel it's been in from 2011, I would wait for a confirmation to call this a bearish breakout. If DXY were to reverse, and head back north, this will make it a bear trap, with dollar possibly shooting higher to 1. bullish target zone.
Gold: XAUUSD This is interesting - it isn't a crypto - it's gold but it's making a
familiar pattern with just 25 minutes to go to FOMC data
release...it can go to the upper parallel and fail which mean
dollar strength and it can can do what seems to be
predicting...a bull flag with 2 strikes on the lower parallel =
hot, still even at these levels - which in...