Gold: Signals from Stocks and USDX Should Not Be Ignored

From goldpriceforecast.com

Markets are connected, and what happens in stocks and currencies is likely to impact gold as well. Today’s analysis is going to be short as very little happened on the markets on Friday and in today’s pre-market trading, and whatever happened was pretty much in tune with what I wrote previously. Gold didn’t do much overall – it moved slightly higher on Friday, and it’s slightly lower today. Overall, the breather that gold started after breaking below the rising support line continues. The breather itself is a bearish phenomenon as it “legitimizes” the breakdown. It’s been more than three consecutive ... (full story)