With the dollar rebound faltering already, the near term selling pressure on gold has once more dissipated and the neutral outlook has taken hold again. Ultimately we continue to favour upside pressure on resistance and buying into weakness, however, for now the outlook is increasingly rangebound. The near term dollar rebound which was dragging gold back has begun to ease again, allowing gold to drift back higher once more. There is an uncertainty about near term dollar moves right now which is leading to an uncertain outlook on gold too. However the Dollar Index is continually failing around 93.50/94.00 resistance ... (full story)