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If you are trading Gold or any other precious metal, understanding USD fundamentals and technicals is of the essence. We have noted here that over the last 2 days Gold has done well despite a stronger USD. The question begged from this is “How will the yellow metal do if the USD crashes?” That answer should be obvious as Gold is denominated in dollars. Gold is beginning another phase of remonetization we feel.
Ths USD is stronger no doubt today, as the EU and GBP suffer under the weight of their own monstrous balance sheets. For now the USD is the tallest pygmy, and we feel the last to circle the drain. Thus, we need to understand better the USD’s fundamentally driven longer term technicals. Below is some analysis with which we agree. Here is a possible reason and path towards that drainage. In short: The monthly chart doesn’t look so well for the USD.”
https://www.marketslant.com/articles/golden-tell-usd-monthly-breakdown-analysis