Gold breaks back into daily channel

A weak dollar makes for increases in our favorite yellow metal, and this just goes to show exactly what a weak dollar can do to it. Lets look for some more pips going into the next week with this one. After Gold's low around 1207, a reversal pattern on the fib was recorded and used to generate solid profits. Keep an eye on this pair into the weekend and beyond.

Always use proper risk management when trading Gold or any other fx pair.

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