The US dollar has been rallying in the past few days since we broke the 103.40 level on the dollar index. Fundamentals also tend to push it higher so I will be bullish on the USD till we reach the 105.30 level.
Comment
⋅
Forgot to mention that I don't think we'll re-test the 103.40.
@MartinSchnellmann, Hello, thank you for reaching out. It is a bullish scenario for the USD so a bearish scenario for gold. However, you should pay attention to key levels cause Gold does respond strongly to certain levels even if the dollar suggests otherwise. Thanks for your comment ;)