The soft ISM manufacturing added to a reversal that’s underway in old and stocks. USD/JPY is joining in as well, down to 120.15 from as high as 120.74.
Gold prices are up $10 to $1192 after falling as low as $1167.
If you haven’t seen our forex seasonals package for January, it focuses on gold and the US dollar.
gold intraday
The chart looks like a heavy buyer stepped in.
