Gold Market Wire
News, analysis and commentary for gold traders and investors
US Dollar Gets Ready to Challenge Resistance
January 14, 2021 - (Gold Market Wire) - There can be no doubt any longer. The world is focused on the US Dollar, and if it can make the next leg up in the rally. The chart shows where we are in terms of trend.
Not great music to the "Dollar is Finished" crowd. And, yes a cause of concern for the Gold bulls. For the nervous length, any small rallies should be used to flatten the book. A Dollar rally here could be just the inflection point for the long-awaited stock market sell-off, and the perilous state of the FAANG world could be another catalyst as well. One may well consider that it is time to exit the market in totem and await clarity. The rumblings of a big move, across all markets, seem to be waiting in the wings, and ready to hit the main stage.