For those that like straight and squiggly lines the spot gold...

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    For those that like straight and squiggly lines the spot gold close is very interesting.

    Gold recovered to close 'on the money' of a shallow trend line extending on the weekly.  Touch points 2008 and 2015 would suggest a close this week at 1185 and that is exactly what we got.  Particularly interesting given it pulled back to 1185 from 1160 - almost destiny!  Is that the base for the next leg up?  All down to the $$ it would seem.  The two are so connected at this time but hereon I suspect gold is going to be a lead indicator for the $$ and start pulling away as a greater rate of knots while the $$ slowly sells off.  Reason? Just a hunch - the US is becoming increasingly uncompetitive to the outside world.  Extremely complex though with all the protectionist and retaliatory manoeuvrings.
    If one finds gold an interesting short/med term proposition at this juncture, I feel it is extremely
    important not to over extend - need to watch like a hawk.

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