Gold going down as dollar goes up
Gold continues to edge lower as the US dollar begins to revive. However, it is not yet clear that either the short or long-term trends are finished.
The former will require a break below $1240 at least, to create a new lower low. The price was stymied by the 200-day simple moving average (SMA) at $1256. Above $1256, it would head towards $1268 and $1283.