A dovish Fed will weaken the dollar, which will weaken gold, and vice versa.
The long wait is over.
KL is off to the races with the pop in gold.
Antitrust is the big concern for the big cap technology names.
A weaker dollar would give the gold market a push.
Swans are graceful creatures. This one is going to gracefully place a minus sign in front of your P/L.
The action Thursday did little to change the big picture.
The charts suggest we could see a good trading move for the precious metal.
Right now my focus is reducing risk as the market figures out if it is going to shake off the trade war worries or correct further.
There is nothing the market likes better than a strong economy and a dovish Fed.