Gold finds support as the Dollar falls

The Dollar Index crashed on this week’s Trump turmoil. Follow-through below 98.50 confirms a primary down-trend with a medium-term target of the 2016 low at 93.

Dollar Index

* Target: 99 – ( 104 – 99 ) = 94

Spot Gold found support at $1250 after Thursday’s retracement. Follow-through above $1260 would indicate another primary advance, with a target of $1300. Reversal below $1220 is unlikely but would signal a primary down-trend.

Spot Gold

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