Yesterday, after Fed. Chairman Janet Yellen spoke again + CPI + retail sales, we finally saw some price action with gold/US$ trying to get back up to retest its original trend line.
As confirmed by the TrendStrength Meter, we were in a retracement and price is currently trying to move back to its original uptrend line. We can clearly see on the Meter that since the last cross, Gold has been strengthening day after day while US$ is in a sharp decline and might return to the bounce line level 3 to try a new trend reversal in the coming days.