Dollar lower helps Gold rally
The USD is still a little higher vs the GBP after the jobs data, but the dollar has move lower since the release of the February jobs report.
The move lower has helped the price of gold move even higher (it was up about $7 in early NY trading). The current price is up about $14 and has the price testing the $1300 level. We are a the highs.
Looking at the daily chart, the pair is between swing highs from Jan and swing lows from February. Those levels come between $1298.60 to $1302.85. Key technical test for both the bulls and the bears. Find sellers here and the price could see some back tracking of the gains. Move above and traders will be more bulled up.
