$USD this link leads to a chart showing the US dollar attempting a rally ... It has been passed around in some well travelled sites... the indicators suggest very poor trending qualities as far as I'm concerned, however those who believe the dollar is making a comeback are creating an opportunity for those who are witnessing the pressure on gold....
I for one don't believe this will last, while it is obvious the price is in a trading range, it will likely do nothing but range, major resistance is at the MACD trigger line which happens to be the 200 day average, with the last ranging period failing and making for a new low, however this isn't about predicting... it is about being aware of your surroundings..
The dollar could make a run for a correction in gold... and you should be aware the pot is simmering. What I think, and what takes place, will be hindsight.
GLTA Lostoutwest
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