DollarGot to follow the US dollar somewhat for an indication of a pullback in gold, we'll see if the dollar bounces here at $73.10 or not.
It’s all about the Dollar! The U.S. Dollar Index briefly brokesupport at 74.94 yesterday and resumed an intermediate downtrend. Shortterm momentum indicators are trending lower. Next technical target is73.10.
Weakness in the U.S. Dollar has triggered strength in commodities priced in U.S. Dollars. Gold has moved to another all time high. Silver, copper and crude oil prices also are trading higher.
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