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Gold falls back again

Much earlier this morning, when noting the recent price action in Gold, I noted that how it fares today is surely likely to rest with the price action in the USD/JPY. Well, as you can see right now that has been the case. The further rebound in the dollar, closer to the 142 handle has sent gold lower and once it took out the low seen yesterday, it has now extended that move further south. Gold has just this minute hit a session low at just below $2,062, The fall below the low seen yesterday could also have tripped some stops under 2,064.70. Gold is currently trading at $2,063.50 

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