Gold's rebound runs into sellers
The US dollar has held a strong bid all day but gold held its ground for a time. In the last few minutes though, the sellers have finally gotten the upper hand.
Gold is now down $13 on the day to $1774, cutting through the low of US trading.
The S1770 level is the next one to watch on my chart, offering some support at the low of the week.
![Gold's rebound runs into sellers](http://az705044.vo.msecnd.net/20210819/gold--10-d.jpg)
As for me, I don't believe in this flow-driven dollar move today but there's no good reason to buy gold either.