Barry Stuppler

Last Tuesday, Gold dropped $28 per ounce to below $1,290, breaking the important $1,300 resistance level . . . .

The U.S. Dollar Index was approaching the 94 level this morning, driving Gold down to a low of $1,282 per ounce . . . .

As the U.S. Dollar continues to move higher and the 10-Year Treasury moves to 3.10%, Gold remains under $1,300 per ounce . . . .

Today Gold traded between $1,285 and $1,295 per ounce with average trading volume . . . .

Interesting overnight trading in the Gold market. In Asian trading, Gold reached $1,296 per ounce on the possibility of North Korea cancelling the Trump summit . . . .

Gold broke down below the key $1,300 per ounce level, reaching a low of $1,289.50 before finding buyers . . . .

Gold traded below the $1,305 price five times in the past two weeks, testing the important $1,300 per ounce resistance level. Now, Gold has firmed up that support and is finally moving up to the $1,320 area . . . .

Gold is trading in a very narrow $6 high/low trading range, from $1,323 to $1,317 per ounce . . . .

After Gold’s recent decline to the $1,305 area, its bullish for the Gold price to consolidate above the $1,320 level . . . .

This morning we saw a crack in the strength of the U.S. Dollar and Gold rallied . . . .