Gold has tried four times to push through the top of the channel.
At the same time, the dollar has broken down and is likely to test the bottom of its channel.
The dollar fall should give gold, the strength that needs to test the top of its channel again, and if it closes on the daily above the channel, then look for a big move higher.
It will then retest the top of the channel for support, and if that holds it will move higher.
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.