Signs of life in the gold bulls as support has formed in the past 24 hours. Unsurprisingly this has come as the dollar rally has begun to consolidate. How the dollar moves in the near term will be key for gold. Given the technical breakdown in gold, we still see risk for renewing near term downside, however, looking further out, this weakness is still likely to be the next opportunity for medium term long positions. Fundamentals/Newsflow With talk of a potential fiscal support package on the table for discussion between US Democrats and Republicans/the White House next week the recent sharp sell-off on risk and ... (full story)