After a breach of the two month downtrend, gold look to be positioning for the next leg higher. Although resistance is yet to be decisively overcome, the bulls are poised. With renewed dollar weakness, the market seems to be pricing confidently for US fiscal stimulus and an uncontested Presidential election victory for Joe Biden. A continuation of this positioning would play a key role in driving gold for the next leg higher. Apparent progress is being made in the US fiscal stimulus talks. The two sides are seemingly close to agreement and this is being taken as a positive by the market. Although there is still no ... (full story)