this has been happening for weeks now. look at it fly above 79.3
gold still trading above 775 and you would have thought it would be trading thier right now given the dollar has rallied hard especially in the last 12 hrs.
will it go pop at 0.80 being a strong resistance point?
noticing every time usd strenghtens gold falls lightly but when usd fall back a little gold recovers a lot more
is it just trying to protect a $800 support or are there other reasons for gold weatering the USD rally so far?
are we pricing in a risk that we are nearing a topping point and the run will fizzle out soon hence gold is stablizing now?
