Twiggs also a bit bearish on gold due to the rising US dollar.

March 8, 2019March 8, 2019 by Colin Twiggs

Dollar stirs, Gold weakens

The Dollar is testing resistance at 97.50 after poor progress in US-China trade talks. Breakout would signal an advance to 100 which would be bearish for gold.

Spot Gold found short-term support at $1300/ounce. Expect a test of support at $1250 but a fresh Dollar advance would threaten primary support at $1180.

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