Gold has been falling as USD has been gaining strength over the past month or so. We've broken through some major levels with momentum including a strong bullish trendline that has been acting as a support for all of 2017 thus far. It looks as though the next 6 months of this year could be well different than the first 6 months that started 2017. If US economic data allows the FED to go onwards with its plan of another rate hike this year USD could continue this trend to new highs in 2017 and thus sending gold lower.
Comment:
nope, broke trend. Theres always alternative scenarios
