The January highs held yesterday
Gold is down $15 today as it erases yesterday's gain. Some of the story is the US dollar, it grabbed a bid yesterday after the FOMC minutes and that's continued today.
The main driver is the Trump tweet about not necessarily bombing Syria imminently. That's boosting the US dollar and weighing on gold.
Technically, it's looking like a bit of a reversal.
Now it's back down into the middle of the range. It's really a trade now about whether the bombs will fall or not.
