Anyone convinced on dollar longs yet?

[shifting sands]

Dollar has been unwinding since Xmas but sits now at some pretty chunky support. Anyone buying into this? Cannot decide. Fed decision is soon but the rate hike is 96% probablity so mostly priced in. Last time the fed raised the dollar sold off

 

[shifting sands]

Little add on, this is the same descending channel on an hourly and we fell out of it yesterday, which it has done before but is now finding resistance on the bottom trendline. Looking tentatively bearish.

Long gold from 1274.20

stop below the daily low at 1271 (now moved to cost 1274.30)

Target 1288/1297

 

[gerryg]

There is major disappointment about fiscal shock that Trump intended to do with the economy. He may get opposed in the Congress while stalling initiatives means reflation trade since election was misplaced.
I keep some shorts on Dollar as CFD in Нotforex, agree its risky before the major fundamental event, but lets see what Fed prepared for us.