Traders Focus on Commodities as USD Slides

Gold:

There is a very accurate bullish channel forming on the 4 hour chart, as Gold prices had consecutively appreciated reaching the $940 an ounce price. Currently, as the RSI on the hourly chart is floating above the 50 line and the Slow Stochastic is pointing up, Gold might extend its bullish trend. This might be a great opportunity for forex traders to join a very popular trend.