gold, page-41424

As I suspected, USDX reacting to that significant weekly level I was observing last week. I am expecting some short term strength in USD before it revert to the bearish mean.



Bear stops raided then the pullback and I hope it finds some support just under current price. I was very tempted to add to a gold stock position that had an aggressive sell off today but it is risky relative to the extended gold move. The perceived pullback in XAUUSD is currently a very risky anticipation since it is effectively buying into a little space just below the resistance. Not convicted enough to try since it isn't compelling.

I am waiting for the USDX bounce a little higher before contemplating gold stock accumulation again.

Amazing run in the US equity markets again tonight! Surely we are due a pullback or not??? Unfortunately our stock index future is not matching and with it goes XAUAUD. I am expecting AU$1644 to be tested unfortunately.