Gold has stumbled once again just as it looked poised to test its
October highs around $1,520, leaving us in consolidation mode. Still, pressures
are building from below so just because the breakout is taking its time, it
still looks increasingly likely to come to the upside.
A firmer dollar at the start of the week naturally didn’t help matters and took some of the wind out of gold’s sails. The greenback has been softer over the last month though as sentiment and trade headlines have improved.
A firmer dollar at the start of the week naturally didn’t help matters and took some of the wind out of gold’s sails. The greenback has been softer over the last month though as sentiment and trade headlines have improved.
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