Well, there's certainly an argument for that as we hardly got much of any retracement to this bullish run since last year.
Looking to the next few days, we might have to wait out month-end flows to have a better idea. The dollar is firmer in the past few sessions but it's been tough to make sense of the push and pull in markets this week.
In spite of those developments, the dollar is holding its own and gold is struggling to reinvigorate itself after the technical break on Tuesday.
If that happens, it feels like it will be a pullback that's way overdue. I'm still a gold bull in the bigger picture and I won't be the only one who is waiting to pile in on more longs once we do trigger such an event.
This article was written by Justin Low at www.forexlive.com. Read More Details
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