DXY has been moving upward inside a channel since May 2021. It is now forming a reversal curve and potentially going down. Now, it is very close to testing a resistant area at 96.00. Let's see if it could break the resistance and go back upward inside this channel.
What do you think?
Green pips all. Have a great day!
As DXY is slowly climbing up in the short term, it is still in the down trend in the long term. Gold is likely to fall back and retest its support before going up to the resistance area at 1825-1830.
