from King World News
Major markets around the world, including gold, are keying off of the US dollar.
US Dollar
April 29 (King World News) – Naveen Nair at Cit: A look at the weekly chart will show a pause in dollar weakness, with markets having posted a hammer candlestick off the 98.98 level (61.8% Fibonacci).
[…] Short term, we could see the dollar index float between the recent lows of 97.92 and resistance at 100.16 (2024 September low). That said we are still slightly biased for a further dollar selloff, and IF we see a weekly break below that 98.98 level, it would open up a sizable move lower towards the 95-95.24 area (Psychological level, and 76.4% Fibonacci).