Ren Kim

While the technical picture looks good for downside, I'm a bit wary given the lighter volume. Could just be positioning ahead of bigger news, and a snap back is always possible if fundamentals don't fully support sustained USD strength.

Is it possible it's just reacting to real yields? When real yields are low, gold tends to do well, regardless of whether stocks are up or down. That might be a better correlation to track than just simple risk-on/risk-off.