DXY vs Gold: It's Time

There’s an interesting tug of war going on between DXY and GC. As we forecast last week, GC has dropped down to test its SMA200. At this point, it is also testing two key trend lines that we’ve been expected would come into play again. At the same time, DXY has finally broken back above its SMA10 — and continues to test its SMA100. As detailed yesterday, which way it breaks should determine whether USDJPY or CL drives stocks next.