Euro to get stronger soon
According to Eric De Groote, large commercal traders have been agressively accumulating positions in Euro futures wihle small players, retail traders, are selling. The chart below shows this. A rising Euro will provide support to rising gold price.
green line = CWA = commercial weighted average = smart money
brown line = NRWA =nonreportables (retail) weighted average = dumb money
FXE = Euro ETF