In early posts, I have explained myself why I like to be long USD in general, so I dont want to waste your time again.
What I would like to highlight is the technical picture in Gold. After breaking the trendline coming from Oct 2012 (because of geopolitical tensions between Ukraine and Russia), Gold has re-established its downward trend, and it is sitting just above its 100 day MA that coincides with the lows seen at the beginning of April (1277 USD per ounce). Furthermore, we just got bearish signals from the MACD and Stochastics indicators (although not very strong).
I would recommend to wait for a break of 1275 USD (on close) to initiate short positions, targeting 1200 in the next 3 months.
