Was That It ?
Maybe Surf and others can give their views, but I’m wondering if that was golds ICL. Credit to @TraderGab on Twitter, for spotting the new channel (I’d like to think I would’ve stuck some lines on and found it eventually, lol). No doubt other are onto it as well. It does give us a nice, clean up trending channel, with parallel lines. The interesting part is that it carries us up into overhead resistance imminently, supported by some very well positioned indicators. Look at the MACD curling up – exactly what you want to see if we’re going to make a charge through resistance. This is starting to get very interesting again.
Hmmm, good question. It seems to quack like a duck but the very short IC decline looks a bit odd. OTOH, the dollar certainly looks for shit and the IC was very right-translated so yeah, that might be it.
Ha ha, loving your thinking there CT 😉