Yes, I know ........ probably it won´t reach the 97.90 level

My last forecast mentioned the possibility to reach the 97.90 level but after studying again the charts I found several facts telling me that probably it won't happen ... but as mentioned in my last forecast for DXY it almost touched the 97.57 level ..... yes 97.58 was. I drew again the lines and my new 4-hour channel is the one you find in between the yellow lines. Trade within the projected orange wave. Just a suggestion. Let it correct the 1 hour Stock RSI that is in an oversold condition but be ready. This could be the trade of the week. Anyway who understands what happened Friday? And that is why I still think GOLD traders are the best traders in the world.... the have already anticipated it....... and that explains why instead of bearing now is bulling.

Take a look at Mago Estraperlos RSI and Stoch RSI and probably the will be revealing their secrets. I would trade this one safely so only after it reaches the 97.56 level will be selling again the bucks. I will let the market make first the 1-hour correction but after that .... wait for German ZEW probably we will find a rally.

Let it arrive at the upper side of the orange project channel and see what it happens. If continue the bull so my last forecast still valid but I will be ready for the next move.