Gold's Surge to New Relative Highs Retraced Entirely
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: What the cliff giveth to gold FOMC minutes hath taketh away. Gold’s surge to new relative highs was retraced entirely Thursday. The precious metal fell in line with currencies like the euro. Each is testing relevant support so any delay in reversing up would suggest another downleg coming. Dollar Basket Mar Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) Thursday’s gap up ...
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