May 11, 2023 - (Gold Market Wire) - Gold's power uptrend is in trouble, and with the rise in the US dollar vs. the Euro, we could be setting the stage for a sell-off in Gold. If we get it, it will be a buying opportunity.

We got on the sidelines at the right time. The point isn't to get every twist and turn right - it's more about when to 'hold' and when to 'fold' and become an observer. Friday is going to be critical. Either we make a move, or we get ready for a sell-off. But just to show how complex the situation is - this will come in the run-up to the US Debt ceiling situation, which could foreshadow another Dollar sell-off. The problem of course, as we have repeatedly stated, 'what is the US dollar supposed to sell-off against. Well - Gold, for starters.