"Some of the recent PoG strength has been as much about USD weakness as it has been gold strength." I would say most, esp since BOJ Announcement sent the USD plunging, which it continues to do. There may well be other factors driving POG....but I find it's impossible to identify the drivers for gold, in all seriousness. It's an imponderable.
MML sadly underperforming (say, the XGD at 3.58%) , as POGUSD seems ready to test prior Resistance levels.
XAUUSD - DAILY...and then compare with US Dollar (DXY, below)
US Dollar (DXY) - DAILY also testing Support......
"Some of the recent PoG strength has been as much about USD...
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