Price bounced off the 1355.00 level, a very clear rejection from the descending channel resistance line at London Open this Morning(Rejection came expected, check previous published idea, channel is still visible on the monthly chart). I am still Very Bullish on this pair/instrument and am hoping to see a rising wedge form going on, which will pierce price through...
Gold is keeping itself in the range between 1227 and 1211. The movement is characterized by relatively low volumes but selling is predominate. Nevertheless, even a small increase in volume causes significant upside which is a good signal for bulls. DXY growth plays its role by suppressing bull's power (buying) for now. Going outside of this range leads to...
