The Dollar could be bumping into a bit of resistance soon. The 100 MA is just up ahead with an intermediate trendline hanging overhead. It is also worth noting that RSI/Stochastics are currently showing overbought. This could trigger a momentary bounce up in Gold/Silver.
Comment:
So far so good.. The Dollar has confirmed a swing low and is now on its way up to 96. For those of you trying to trade the 'bounce up' in Gold, I would recommend a little patience before placing your bets.. And I would also keep an eye on the EUR/USD