All else equal, gold should be lower today.The US dollar is much stronger and yields are rising yet gold isn't down. In fact, it's now up $14 to $1946
All else equal, gold should be lower today.
The US dollar is much stronger and yields are rising yet gold isn’t down. In fact, it’s now up $14 to $1946. That’s a good sign for the bulls.
Technically, there isn’t too much to look at as it continues to consolidate in the $1915 to $1964 range but if the dollar stumbles and it breaks out, there is plenty to like and the potential for a break of the $2070 double top.
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