The US Dollar is climbing again, especially against the Pound Sterling (GBP) and the Australian (AUD) and New Zealand Dollar (NZD). Right now the US currency is almost .50% stronger against all three.

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That is putting Gold under pressure.

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The Fibonacci numbers show us where Gold may head. And where it might pause if the retracement persists.

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The Gold market needs to get a move on, quick - if the recent rally is to hold. Right now, it is failing its first test at the new resistance.