I promised during the DecisionPoint Show today that I would look at the Dollar v. Gold. Well in my haste reviewing all of the big names reporting earnings this week, it fell by the wayside. Consequently, I will give you the Dollar and Gold sections from today’s subscriber-only DecisionPoint Alert.
DOLLAR (UUP)
IT Trend Model: NEUTRAL as of 5/28/2020
LT Trend Model: SELL as of 7/10/2020
UUP Daily Chart: There is a defined declining trend channel. Currently price is making its way back toward the top of the channel where it will find resistance in the form of the 20/50-EMAs. The PMO is below zero and on a SELL signal, and the RSI remains in negative territory. I am looking for a test of $24.75 after it is likely will turn back down at EMA resistance.
