chartwatchers
Long

GOLD is not able to drop against the strengthening dollar

FX:XAUUSD   Gold Spot / U.S. Dollar
151 2 10
Just a short thought.
The dollar is getting stronger , but gold             simply cannot fall even with the strengthening dollar.

If gold             cannot fall in these conditions into the DCL (today or tomorrow the latest) then I say we are going to break up from the pennant .
Thanks for the tip! But what does DCL stand for?
Reply
DCL = Daily cycle low. You can find gold's daily cycles in my prior charts.
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