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Gold lifts further into uncharted territory as USD/JPY stalls again
As suspected and covered in a penultimate update, the USD/JPY rebound to around 141.40 a little earlier has run into sellers again. So, the recent modus operandi of the market selling into dollar rallies has for now been continued. The upshot of that dollar drop has just now lifted Gold to a new all time record high above $2,570. Gold has just now traded above $2,571 as the USD/JPY dips back underneath 141.00 again. The USD/JPY is now tracking back towards 140.75. The only problem for Gold is that it is now into uncharted territory and that makes for targeting technical levels not possible. So, the next topside target from here is not provided here. Gold is currently trading at $2,569.10
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