In additional news, Gold is moving up from a recent daily-scale compression as today’s session develops:
In today’s earlier newsletter we repeated our bearish view of the US$ and this bullish development in the Gold market reinforces that view – Gold sometimes behaves as an ‘anti $’. If it closes above Monday’s high ($1284 in December futures) it can be bought, risking a drop back through Monday’s low ($1266.40).
All signals courtesy of software supplied by our friends at Parallax Financial Research www.pfr.com
