CAN'T KEEP A GOOD DOLLAR DOWN - ASCENDING CHANNEL

Gold prices are currently trading towards the channel resistance level.
Once price tests this level, we would start looking for opportunities to go short.
Fundamentals suggest that USD may continue to fall, but the charts are suggesting otherwise.
Charts and price action does not lie.

TP 1 & 2 are clearly indicated on the chart.
Hoping for the best, but we just gotta stay patient.

Kommentera:

I seem to have forgot to mention that price is currently overbought territory and currently signals a bearish movement

Stochastic (14,3,3)