The dollar index is at its six-month high and is currently moving through a channel, and if we look closely, the dollar index is currently very close to the upper channel line. Expect it to be down again in the near admission time
Expect DXY to be strong at news time and move higher
DXY bearish wave brewing Sharp sell-off likely at FED rate decision or after Watch lower time frames for sell signals Thank you
Notice that Gold has formed a triangle pattern at the moment. Hopefully, it won't break out any kind of train line or major support resistance before the Fed meeting. Ahead of the FOMC meeting, it could move within the range of resistance 1928 support 1922
Gold poised for second consecutive weekly decline Yuan touches two-week high vs. dollar Platinum, and palladium set for weekly gains Spot gold GOLD was up 0.3% at $1,915.09 per ounce by 0320 GMT. Bullion was still on track for a small weekly decline after dropping to near $1,900 level, its lowest since Aug. 23, on Thursday. U.S. gold futures GOLD were up 0.2%...
Main U.S. indexes green, Dow takes the lead, up ~1% All S&P 500 sectors gain: real estate out front Dollar, gold up; bitcoin gains >1%; crude up >2% U.S. 10-Year Treasury yield rises to ~4.29% I think the dollar index will touch one 105.671 and go down again
If this support response to the market is likely to break out