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Gold is not phased by the strength of the US dollar

All things being equal, gold should be lower today.

The US dollar is much stronger and yields are rising, but gold is not falling. In fact, it is now up $14 to $1946. This is a good sign for bulls.

Technically, there’s not much to watch as it continues to consolidate in the $1915-$1964 range, but if the dollar stumbles and breaks out, there’s a lot to like and the potential for improvement. a break of the $2070 double top.


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