"do you think usd will retrace? " --------------------- My read...

"do you think usd will retrace? "
---------------------
My read is that it should not have been sold down with the potential carry trade advantage since markets have a habit of being forward looking in anticipations. I have no formal economic training in ANY capacity so fundamentals is what I struggle to understand but I see the results. Recently with the panic sell off you see the flight to safety to USD rather than gold.

In the GFC rout reactionary outcome, flight to safety = USD buying and gold fell. I don;t remember 2015 market rout and I have to go back any analyse the price action but as you can see gold did not sell off initially this week ie. glass half full = valuation held, then eventually got sucked into the continue volatility vortex. Not very defensive asset class is it?

The current commentary of the XIV etn may or may not have an impact on the bigger risk (stock) market https://www.google.com/url?q=https:...372000&usg=AFQjCNEjTmvcOl2uBOac5cs3bMa_mgk2og

I read somewhere this derivative sector is $1.5T betting against volatility and getting comfortable until last Friday. Is this the mini-CDO moment or just collateral damage created by the Banks to "help" punters make $?

I am chart driven so at this point I can only look back at 2015 and expect this is just the start. There will be many volatile sessions in the coming months until the froth of a 2 year run gets wiped out before it can continue up.

Those with a better grasp of gold can probably answer your query in gold bias better but I see gold going down as well if the stocks markets continue to sell off.