Tellingly, Gold Hesitates after Making a New High

From sunshineprofits.com

The USD Index practically erased its Thursday's losses, and the precious metals faced stiff headwinds. Silver again outperformed gold, adding more strength to the signal it's flashing for quite a few days already. Yet, it was gold that gets the crown for presenting us with action of significance. We'll start today's analysis with the very interesting short-term action in the USD Index. It rallied as we had expected it to. The USD chart shows that the inverse head-and-shoulders pattern is developing in a symmetrical manner, which makes the pattern even more believable. Just as we saw two smaller bottoms in the first ... (full story)