GOLD channel bottom fishing..
Updated
Added bear trap tiles for reversal potential....the tiles are the outs for the bulls so the bears well might go but with9+% inflation numbers Interest rates will climb to even higher ratchets down equities harder. Even the dollar started to weaken. PPI, jobless claims, retail sales, and import prices... the bears will need some luck.
Trade active
I needed to add the 200W ma going from 1650 to 1668 accross the commodity channel to the upper gap.Note
that should be 1650 to 1678 across the channelNote
DXY holds 105 gold will stagnate here 1750 pull back....hopefully 1724 holds....longer term.
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