Gold weakens as Dollar strengthens

The Dollar is again testing resistance at 97.50, threatening a breakout.

Dollar Index

Spot Gold is testing medium-term support at $1280/ounce. Declining Trend Index peaks warn of selling pressure. Breach of $1280 would offer a target of primary support at $1180.

Spot Gold in USD

Silver is likewise testing medium-term support at $15/ounce, warning of a decline to $14.

Spot Silver in USD