With the DXY hitting the 4hr resistance line in red and immediately reversing to the resistance of the descending channel which it broke out of on Friday, it could be a retest and then shoot up which would be a good boost for Gold to shoot down since it's currently right at the to of it's own descending channel. Please let me know what you think in the comments and follow for more setups
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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.