Gold Channel 7/16/2020
This is gold futures at the 4 hour view. It seems that my channels are a success. Gold has been in an upward channel since September 2018.
That's right. Gold was in a channel for nearly 2 years. The only exception was March 2020.
Gold may face a pullback if the dollar rips to the upside. Currently, the dollar strength bounced off a major uptrend support stemming from 2018.
Furthermore, more investors/traders are leaving gold for dividend stocks. Once gold gets its pullback, it may breakout again as I see no signs of the channel breaking so far.
That's right. Gold was in a channel for nearly 2 years. The only exception was March 2020.
Gold may face a pullback if the dollar rips to the upside. Currently, the dollar strength bounced off a major uptrend support stemming from 2018.
Furthermore, more investors/traders are leaving gold for dividend stocks. Once gold gets its pullback, it may breakout again as I see no signs of the channel breaking so far.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.