DXY - Double bottom retest!!

You can tell DXY wants to go higher, its just being suppressed by the powers that be. We're looking at this potential double bottom retest, which if correlated how they should should mean a short-term move up in Gold. Rejection at the support and DXY again is ready to fly. Now what we need to take into consideration is that there a lot of traders long on the Dollar. Will they take out the stop below before resuming the move up, we'll have to wait and see. The levels are working well for day traders.

Our target of 92.00+ is still active. Please look at our previous DXY charts to see how we have been trading this.