Why the sharp fall this week? Gold has been touted as an inflation hedge and as a stagflationary play which are two major influences in markets. So, if you just considered those two factors you may be asking yourself, why is gold not roaring higher? Earlier this week gold took out a key reversal area and invalidated a decent technical reversal signal. What’s pressuring gold lower? The reason for gold remaining pressured lower is due to the interplay between real yields and the USD. Now, many traders know that strength in the USD is a headwind for gold. This provides part of the reason for gold’s weakness. The USD ... (full story)