The outlook is on a knife edge as a rally towards old overhead supply between $1902/$1926 has begun to consolidate. Dollar moves remain crucial to the near term direction for gold. Uncertainty over the progress over US fiscal support is generating consolidation on gold. Bull failure around $1902 or breakout above $1926 would generate the next move. Uncertainty over the outlook for gold continues. Within that, the uncertainty over the outlook for the dollar is a key driver. Uncertainty over the progress of a US fiscal support through Congress means that markets are swinging between risk-on and risk-off on almost a ... (full story)