Gold Channel Success 7/18/2020

As suspected, Gold futures a was in a channel since 2018. It bounced right off my first support.

That said, the dollar strength reached a major support. If the dollar rips up, then gold may experience a pullback from the dollar strengthening.

That said, gold is in a long term bull market. The price may be a bit high now. I will wait for the pullbacks to buy into gold.