The era of US Dollar has truly come. Maybe this statement is quite late, but it is never too late to trade with the trend.
We have witnessed most major currencies depreciating against the Dollar, and now, Gold has joined the party. Gold yesterday plunged by over $23 per ounce to $1265, breaking several key supporting levels, including level $1270 and the uptrend line from the low of last December. The large triangle pattern that Gold has been forming since this year began has now finished and a new bearish trend is under way.% | % | % | % | %