Despite yesterday’s improvement in gold, the bears attacked earlier today. What are the implications? From today’s point of view, we see that although the U.S. currency moved a bit above the previously broken red horizontal line (based on the lower border of the orange consolidation about which you could read in previous Quick Gold Alerts) and the 200-day moving average during yesterday’s session for the second time in a row, this improvement turned out to be quite temporary and the greenback finished the day below these resistances, invalidating the earlier breakout – just like on Wednesday. Thanks to yesterday’s ... (full story)